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Question - A company has projected the following sales for February - July of 2014:
February $250,000
March $270,000
April $240,000
May $220,000
June $230,000
July $260,000
45% of all sales are paid for with cash. The remainder is on credit.
The pattern for credit receivables collections are:
Month of Sale 30%
Month After Sale 45%
Second Month After Sale 25%
Required - What are the forecasted cash collections for the month of May?
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during its fiscal year a pension trust fund buys 1000 shares of stock for which it pays 33000. at year end the stock
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To make the project worthwhile, Toy Box, Inc., would require a $5,000 profit per month. What level of sales, in units and in dollars, would be required to reach this target profit. Show all computations completely, in a table inserted into your do..
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