What is the amount of the march cash collection

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Reference no: EM131558665

ABC Company has projected Sales of $15,964 in January. The sales are expected to grow by 10% each month. ABC's collection schedule is as follows:

ABC collects 16 percent of its sales in the month of sale and the remainder is collected in the following month. What is the amount of the March cashcollections?

Reference no: EM131558665

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