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ABC Company has sales forecasts of the following

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ABC Company has sales forecasts of the following: January= $40,000; February = $65,000; March =$52,580. 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. What are the cash receipts for March?

 
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