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What are forecasted cash receipts in april

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Question 1: Red Rover makes re-usable microbe testing pods that are transportable and has forecast sales to be $131,000 in February, $141,000 in March, $156,000 in April, and $146,000 in May. The average cost of goods sold (COGS) is 70% of sales. All sales are made on credit and are collected 60% in the month of sale, and 40% the month following. What are forecasted cash receipts in April?

Reference no: EM132528583

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