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  3. sells for $100. the company sells all of i sale, 3

sells for $100. The company sells all of i sale, 35% i nc. sells two...

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Accounting

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sells for $100. The company sells all of i sale, 35% i nc. sells two lines of jeans- Simple Life and Fancy Life. Simple Life sells for $85, and Fancy Life ts eans on credit and estimates that 60% is collected in the month of the is collected in the following month, and the rest is considered to be uncollectible. The estimated sales for mple are: January, 20,000 pairs of jeans: February, 27,500 pairs of jeans; and March, 25,000 pairs of jeans. The estimated sales for Fancy are: January, 18,000 pairs of jeans; February, 19,000 pairs of jeans, and March, 20,500 a. $3,988,125 b. $2,505,000 c. $2,125,000 d. $4,175,000 s2wht are the expected cash rececipts for the month of Mareh

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