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What is the amount of the April collections

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Reference no: EM133012479

Question - ABC Company has the following projected sales:

Month Sales

Jan $8,000

Feb $9,000

Mar $31,000

Apr $51,000

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: EM133012479

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