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The firms' sales during February and March of 201x were $1,528,000 and $1,662,000, respectively. Sales during the next four months are projected to be:
April $1,950,000 May $2,700,000
June $2,400,000 July $2,100,000
Historically, 100% of the firm's sales are on credit, with about 60% of each month's sales collected one month after the sale and the remainder collected two months after the sale.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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