Business, 04.01.2020 06:31 corbinfisher

Acompany's history indicates that 20% 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 30% the following month. projected sales for january, february, and march are $75,000, $92,000 and $60,000, respectively. the march expected cash receipts from all current and prior credit sales is $80,500.

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Acompany's history indicates that 20% of its sales are for cash and the rest are on credit. collecti...

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