Use the data below from a companys sales for January to April to get a forecast for
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Question:
- Use the data below from a companys sales for January to April to get a forecast for the collection forecast, including cash sales, for April:
| Month | Sales |
| January | $220,000 |
| February | 140,000 |
| March | 150,000 |
| April | 140,000 |
Of the sales above, 30% are for cash and 70% are for credit. Of the credit sales, 58% are collected one month later, 32% are collected two month later, and 10% are collected three months later. What is the collection forecast for April?
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