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Determine dollar value of January sales

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Reference no: EM132446458

Question - Given: ACO began operations on January 1. All sales are on credit. Aco has sales budgeted as $160,000 for February. Receivables at January 31 were $20,000. Accounts Receivable collections are expected to be 50% in the month of sale, 20% the next month, and 10% in the next.

Determine -

1. Dollar value of January sales.

2. Dollar value of January cash collections from customers.

3. Dollar value of February Expected cash collections from customers.

Reference no: EM132446458

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