AP-11A LO 4 6 Richies Tacos is a popular Mexican restaurant. The following is Richies...
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AP-11A LO 4 6 Richies Tacos is a popular Mexican restaurant. The following is Richies Tacos sales forecast by quarter for the upcoming year. Q1 Q2 Q3 Q4 Year Sales $89,000 $92,000 $95,000 $90,000 $366,000 In addition, sales in Q4 of 2019 totalled $88,000. According to the companys sales records, 92% of sales are made in cash and the remaining 8% are invoiced to corporate clients (credit sales). Assume the following historical trends were noted by management regarding credit sales
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