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Use the information below to answer the following questions.
Sales in December were $960,000. Projected sales for the first quarter of 2015 are:
January $1,080,000
February $1,200,000
March $1,280,000
Sales are 20% cash and 80% on credit. Debtors pay in the month following the sale.
-Refer to the table above. Calculate the cash collected from debtors for the month of February.
Contracts
Legally binding agreements between two or more parties that outline obligations and rights.
Pulmonary Embolism
A blockage in one of the pulmonary arteries in the lungs, usually caused by blood clots that travel from the legs or other parts of the body.
Chest Pain
A symptom that can be caused by a variety of conditions, ranging from non-serious issues like indigestion to life-threatening ones like heart attacks.
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