What is the expected cash collections in March

Reference no: EM132799156

Question - Big Jim Outerwear had the following sales January February $200,000 March $210,000. If sales are 40 % cash and 60 % credit with credit collections being 10 % in the month of sale, 50 % in the month following sale, and 40 % in the second month following sale. What is the expected cash collections in March?

Reference no: EM132799156

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