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    Cash receipts

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    A firm has actual sales in November of $1,000 and projected sales in December and January of $3,000 and $4,000, respectively. The firm makes 10% of its sales for cash, collects 40% of its sales one month following the sale, and collects the balance two months following the sale. The firm's total expected cash receipts in January?

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    https://brainmass.com/business/accounting/total-cash-receipts-209846

    Solution Preview

    A firm has actual sales in November of $1,000 and projected sales in December and January of $3,000 and $4,000, respectively. The firm makes 10% of its sales for cash, collects 40% of its sales one month ...

    Solution Summary

    This provides the steps to calculate the cash receipts

    $2.19

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