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Determine value of February Expected Cash Collections

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Question - Widget manufacturing Company began operations on January 1. All sales are on credit. Widget has sales budgeted as $180,000 for January and $260,000 for February. Accounts Receivable collections are expected to be 60% in the month of sale, 30% the next month, and 10% in the third month. Use this information to determine the dollar value of February Expected Cash Collections from Customers.

Reference no: EM133163296

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