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How much will be collected in April

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Reference no: EM132778641

Question - A company has projected the following sales for the year.

50% is paid in cash.

50% is paid with credit.

Credit sales are collected 50% in the month of sale, 30% in the 1st month following the sale, and 20% in the 2nd month following the sale.

Sales

January $100,000

February $150,000

March $200,000

April $175,000

May $125,000

June $150,000

Total $900,000

Required - How much will be collected in April? May? June? For the three months ending June 30?

Reference no: EM132778641

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