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  3. 3. you are the marketing manager of tizer pharma c

3. You are the marketing manager of Tizer Pharma Co. Expected sales rev- enues for...

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Accounting

3. You are the marketing manager of Tizer Pharma Co. Expected sales rev- enues for the first six months of next year are as follows: January February March April May June Total $ millions $ 700 800 800 820 820 900 $4.840 There was $400 million of accounts receivable on January 1.

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The normal pattern for collection of sales revenue is as follows: - 25% of sales are cash sales and are received in the month of sale. - 75% of sales are on one month's credit, and all credit customers pay within their credit terms. Required Prepare a schedule of cash received from sales for the first half of the year

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