Cash Collections
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The Company A has provided the following information:
Forecasted sales for 1st quarter $200,000
Forecasted sales for 2nd quarter 250,000
Cash sales = 10% of total sales
Collection schedule:
In quarter sold 75%
In next quarter 25%
What are forecasted cash collections for the second quarter for Company A?
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Solution Summary
This explains the method to calculate the cash collections with the help of an example
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