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Business, 22.03.2021 19:40 sweetgigi2364

Given the following information, how much cash is collected in February? January Total Sales = $500,000 February Total Sales = $400,000 Assumptions for the budget: • 20 percent is collected in the month of sales • 75 percent is collected in the next month • 2 percent is taken as a cash discount • 3 percent will not be collected because accounts are written off as bad deb

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Given the following information, how much cash is collected in February? January Total Sales = $500,...
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