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What is the amount of the april collections

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Reference no: EM132928812

ABC Company has the following projected sales:

Month                  Sales

Jan                 $8,000

Feb                  $9,000

Mar                    $31,000

Apr                     $51,000

Problem 1: 11% of the sales are collected in the same month. 27% of the sales are collected after one month, 42% of the sales are collected after two months, and the remainder are collected after three month. What is the amount of the April collections?

Reference no: EM132928812

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