Calculate the cash receipts expected for the month of March. Collection patterns indicate 75% of...
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Accounting
Calculate the cash receipts expected for the month of March. Collection patterns indicate 75% of the month's sales will be collected in the month of the sale, 20% in the following month, and 2 % two months after the sale. Sales forecasts are $250,000 in January, $325,000 in February, and $285,000 in March.
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