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What are newtons expected cash receipts

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Question - The Newton Co. budgeted sales for January, February, and March of $190,000, $178,000, and $164,000, respectively. Seventy percent of sales are on credit. The company collects 5 0% of its credit sales in the month following sale, and 50% in the second month following sale. What are Newtons expected cash receipts for March related to all current and past sales?

Reference no: EM132957056

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