Solution-Sales in the month of sale

Sales in the month of sale

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ABC Company has projected Sales of $9,811 in January. The sales are expected to grow by 10% each month. ABC's collection schedule is as follows:

ABC collects 27 percent of its sales in the month of sale and the remainder is collected in the following month. What is the amount of the February cash collections?

Reference no: EM131419509

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Sales in the month of sale

Reference no: EM131419509

Reference no: EM131419509

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