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Utilizing the attached data what are the expected cash collections for months 3 & 4. Show your calculations. On average 50% of credit sales are paid for in the current month, 30% in the next month, and the remaining 20% in the month after that.

Month

1

2

3

4






Cash Sales

15

24

18

14

Credit Sales

100

120

90

70

 

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92882366

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