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As of January 1 of the Current Year, the Grackle

question 70

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As of January 1 of the current year, the Grackle Company had accounts receivables of $50,000. The sales for January, February, and March were as follows: $120,000, $140,000 and $150,000. 20% of each month's sales are for cash. Of the remaining 80% (the credit sales) , 60% are collected in the month of sale, with remaining 40% collected in the following month. What is the total cash collected (both from accounts receivable and for cash sales) in the month of February?

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Definitions:

Senior Management Team

A group of high-level executives responsible for making strategic decisions that dictate a company's direction and overall management.

HR Planning

The process of forecasting an organization's future human resource needs and developing strategies to fulfill those needs.

Internal Employee Movement

The transfer or promotion of employees within an organization, often as part of career development or succession planning strategies.

Organizational Identity

The self-concept of an organization, based on its central, distinctive, and enduring characteristics.

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