Collections of credit sales are 40 in the month of sale 50

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Reference no: EM13567853

Marvin Company has the following sales budget:

Month Cash Sales Credit Sales

February $14,000 $30,000

March 12,800 32,000

April 10,800 28,000

Collections of credit sales are 40% in the month of sale, 50% in the month after sale and 10% two months after sale. No uncollectible accounts are expected.

Prepare a schedule of cash collections for April.

Reference no: EM13567853

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