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How much cash receipts in april are expected to be

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Reference no: EM132761606

All of Pocast Corporation's sales are on account. Sixty percent of the credit sales are collected in the month of sale, 30% in the month following sale, and 10% in the second month following sale.

The following are budgeted sales data for the company:

January- $700,000
February- $500,000
March- $400,000
April-$600,000

Problem 1: Cash receipts in April are expected to be how much?

Reference no: EM132761606

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