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Cash collection from receivables

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A company has completed its sales budget for the first quarter of 2005. projected credit sales for the first four months of the year are shown:
January $30,000
February $36,000
March $45,000
April $48,000
The company's past records show collection of credit sales as follows: 30% in the month of sale and the balance in the following month. The total cash collection from receivables in march is expected to be:

Please explain...

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This solution is comprised of a detailed explanation to answer the total cash collection from receivables in march is expected to be.

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Cash collection from receivables
A company has completed its sales budget for the first quarter of 2005. Projected credit sales for the first four months of the year are shown:

January $30,000
February ...

Purchase this Solution


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