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Woodpecker co has 296000 in accounts receivable on january

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Woodpecker Co. has $296,000 in accounts receivable on January 1. Budgeted sales for January are $860,000. Woodpecker Co. expects to sell 20% of its merchandise for cash. Of the remaining 80% of sales on account, 75% are expected to be collected in the month of sale and the remainder the month. The January cash collections from sales?

Reference no: EM13609544

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