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A company's history indicates that 25% of its sales are for cash and the rest are on credit. Collections on credit sales are 20% in
A company's history indicates that 25% of its sales are for cash and the rest are on credit. Collections on credit sales are 20% in the month of the sale. 50% in the next month, and 20% the following month. Projected sales for January February, and March aro $73,000, 598,000 and $108.000, respectively. The March expected cash receipts from current and prior credit sales is. Multiple Choice $53,100 $74,700 $63,900 $85,200 $103,000
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