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ABC Company has sales forecasts of the following

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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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ABC Company has sales forecasts of the following

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Question

1.     ABC Company has sales forecasts of the following: January=$40,000; February=$65,000; March= $52,850.

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% uncollectible. What are the cash receipts for March?

 
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Describe two coincidences you have experienced in your life

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<ul><li>Describe two coincidences you have experienced in your life.</li><li>How is

probability used in your everyday life?</li></ul>

 
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ABC Company pays for merchandise entirely on credit as follows

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1.     ABC Company pays for merchandise entirely on credit as follows: 60% in the current month, 35% in the

month following. Assume January purchases are 65,000. How much of the January purchases are paid in January?

 
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