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Determine the cash collections in march

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Reference no: EM133091030

Question - Center Company makes collections on sales according to the following schedule:

30% in the month of sale

60% in the month following sale

5% in the second month following sale

The following sales are expected:

Expected Sales

January $ 112,000

February $ 148,000

March $ 131,000

Required - Determine the Cash collections in March?

Reference no: EM133091030

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