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ABC Company has sales forecasts of the following

Question

1.     ABC Company has sales forecasts of the following: February=$40,000; March=$65000. All sales are on

account and are collected as follows: 20% in the current month, 50% in the month following, 25% in the second month following, and 5% uncollectable. If the total cash receipts for March equal $48,250, what is the sales forecast for January?

 
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