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The sales for Re-Works Inc., a company that fabricates iron fencing from recycled metals, are...

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Accounting

The sales for Re-Works Inc., a company that fabricates iron fencing from recycled metals, are all on account. For the first three months of the year, Re-Works management expects the following sales:
A table shows Re-Works Incs sales for January ($120,000), February ($130,000) and March ($140,000).
Based on past collection patterns, management expects the following:
A table shows Re-Works Incs collection patterns in the month of February showing month of sale (10%), month after sale (50%), and the remainder- second month after sale (40%).
Also, based on past experience, management forecasts that 5 percent of accounts receivable will be uncollectible and will eventually be written off.
What are the expected cash receipts for March?
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