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Compute what are the cash receipts for march

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Problem

ABC Company has sakes forecasts of the following: January= $40,000; February=$65,000;March=$52,850. All sales are on account and are collected as follows: 20% in the current month, 50% in the month following, 25% in the second month following, and 5% uncollectible. What are the cash receipts for March?

Reference no: EM131785482

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