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Let us assume that Chipotle uses the accounts receivables balance pattern to project their future month’s account receivables levels. Chipotle anticipates 18% of sales are collected in the current sale, and the remaining amount is collected two months after the sale. If February sales were $100,000 what is the projected accounts receivables collections in April for the February sales? a. $13000 b. $18000 c. $69000 d. $100000.

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Financial Management, Finance

Category:- Financial Management
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