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ABC Company has the following projected sales:
Month Sales
Jan $1,279
Feb $155
Mar $14,482
Apr $34,167
22% of the sales are collected in the same month.
26% of the sales are collected after one month,
15% of the sales are collected after two months, and the remainder are collected after three month. What is the amount of the April collections?
Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.
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