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What is the amount of the April collections

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Question - ABC Company has the following projected sales:

Month

Sales

Jan

$5,000

Feb

$9,172

Mar

$13,754

Apr

$20,339

26% of the sales are collected in the same month. 18% of the sales are collected after one month, 17% of the sales are collected after two months, and the remainder are collected after three month. What is the amount of the April collections?

Reference no: EM132480295

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