Shown below are the expected sales for ABC Company: Sales for Cash Sales on Account...
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Accounting
Shown below are the expected sales for ABC Company: Sales for Cash Sales on Account January $15,000 $100,000 February $24,000 $120,000 March $18,000 $ 90,000 April $14,000 $ 70,000 On average, 60% of the sales on account are collected in the month of sale, 25% are collected in the month following sale, and the remainder is collected two months after the month of sale. Calculate the expected cash collections for April. Do not use decimals in your answer.
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