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Compute the March expected cash receipts

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Question - A company's history indicates that 20% of its sales are for cash and the remaining 80% are on credit. Collections on credit sales are 30% in the month of the sale and 70% the following month. Projected sales for January, February, and March are $75,000, $92,000 and $60,000, respectively. Compute the March expected cash receipts?

Reference no: EM132587304

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