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What is company expected cash receipts for third quarter

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Reference no: EM132516912

The Chang Company has predicted sales for the first three quarters of 2019. The predictions are:

first quarter, $250,000;

second quarter, $200,000;

third quarter, $300,000.

  • 80% of sales are collected in the quarter of sale, and 20% of sales are collected in the following quarter.

Question 1: What is the company's expected cash receipts for the third quarter of 2019?

Reference no: EM132516912

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