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Question - Shown below are the expected sales for ABC Company:
Sales for Cash
Sales on Account
January
$22,000
$118,000
February
$19,000
$146,000
March
$26,000
$133,000
April
$21,000
$127,000
On average, 65% of the sales on account are collected in the month of sale, 27% are collected in the month following sale, and the remaining 8% are collected two months after the month of sale.
Calculate the expected cash collections for March.
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