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The sales budget for your company in the coming year is based on a quarterly growth rate of 2 0 percent with the first -
The sales budget for your company in the coming year is based on
a quarterly growth rate of percent with the firstquarter sales
projection at $ million. In addition to this basic trend, the
seasonal adjustments for the four quarters are $$
and $ million, respectively. Generally, percent of the sales
can be collected within the quarter and percent in the following
quarter; the rest of the sales are bad debt. The bad debts are
written off in the second quarter after the sales are made. The
beginning accounts receivable balance is $ million. Assuming
all sales are on credit, compute the cash collections from sales
for each quarter.Enter your answers in dollars, not
millions of dollars, eg Do not round intermediate
calculations and round your answers to the nearest whole number,
eg
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