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Calculate the expected cash collections for february

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Reference no: EM132869380

Yurty Limited has the following sales budget for the three months of 2021:

Sales (Units): January=680, February=720, March=780

Credit sales($): January=$340,000, February=360,000, March=$390,000

Question 1: Yurty Expects to collect 40% of its receivables in the month of sale and 55% in the following month, with the remainder expected to go bad. Customers who pay in the month of sale receive a 5% discount. Calculate the expected cash collections for February.

Reference no: EM132869380

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