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ACO began operations on January 1. All sales are on credit. Aco has sales budgeted as $160,000 for February

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GivenACO began operations on January 1. All sales are on credit. Aco has sales budgeted as $160,000 for

February. Receivables at January 31 were $20,000. Accounts Receivable collections are expected to be 50% in the month of sale, 20% the next month, and 10% in the next.

Determine

 
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