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A Company Has Forecast Sales in the First Three Months

question 22

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A company has forecast sales in the first three months of the year as follows (figures in millions) : January,$200; February,$140; March,$100.50% of sales are usually paid for in the month that they take place,30% in the following month,and the final 20% in the month after that.Receivables at the end of December were $100 million.What are the forecasted collections on accounts receivable in March?

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A concept in political science and sociology that analyzes the role and functions of the state in society.

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