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What are the cash collections for January

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Question - ABC company has budgeted $100,000 of sales for January Answer saved Sales are 20% cash and 80% on credit. Marked out of 2.00 Credit sales are collected 100% in the month following the sale Flag question A/R at Dec 31 = $50,000. What are the cash collections for January?

Reference no: EM133052549

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