Business, 26.03.2020 19:05 enrique3300

MC Qu. 120 A companys history indicates that... 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, 20% the following month, and 10% is uncollectible. Projected sales for December, January, and February are $64,000, $89,000 and $99,000, respectively. The February expected cash receipts from all current and prior credit sales is:

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MC Qu. 120 A companys history indicates that... A company's history indicates that 25% of its sales...

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