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The sales for Re - Works Inc., a company that fabricates iron fencing from recycled metals, are all on account. For the first three months
The sales for ReWorks Inc., a company that fabricates iron fencing from recycled metals, are all on account. For the first three months of the year, ReWorks management expects the following sales: A table shows ReWorks Incs sales for January $ February $ and March $ Based on past collection patterns, management expects the following: A table shows ReWorks Incs collection patterns in the month of February showing month of sale month after sale and the remainder second month after sale Also, based on past experience, management forecasts that percent of accounts receivable will be uncollectible and will eventually be written off. What are the expected cash receipts for March?
The sales for ReWorks Inc., a company that fabricates iron fencing from recycled metals, are all on account. For the first three months of the year, ReWorks management expects the following sales:
A table shows ReWorks Incs sales for January $ February $ and March $
Based on past collection patterns, management expects the following:
A table shows ReWorks Incs collection patterns in the month of February showing month of sale month after sale and the remainder second month after sale
Also, based on past experience, management forecasts that percent of accounts receivable will be uncollectible and will eventually be written off.
What are the expected cash receipts for March?
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