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ABC Company has the following projected sales: Month Sales $ Jan 39,085 Feb 44,159 Mar 46,218 Apr 29,506 2. 14% of the sales are on cash and the remainders are on credit. Out of the credit sales, 58% are collected in the first month after sale, 10% are collected in the second month after sale, and the remainders are collected in the third month after sale. What is the amount of the April collections? 3. Enter your answer rounded off to two decimal points.

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Financial Management, Finance

Category:- Financial Management
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