Solution-What are the cash collections for January

What are the cash collections for January

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Question - ABC Company has budgeted $100,000 of sales for January. Sales are 80% credit and 20% cash Credit sales are collected 50% in the month of sale and 50% in the month following the sale A/R at Dec 31 = $85,000. What are the cash collections for January?

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What are the cash collections for January

Reference no: EM133069788

Reference no: EM133069788

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