Simpson Glove Company has made the following sales projections for the next six montho. Al...
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Accounting
Simpson Glove Company has made the following sales projections for the next six montho. Al sales are credit sailos. Sales in January and February were $41,000 and $39,000, respectlvely. Experience fas shown that of total sales fecepts 10 perkent are uncollectible, 40 percent are collected in the month of sale, 30 percent are collected in the following month, and 20 percent are collected two months after sale. Prepare a monthly cash receipts schedute for the firm for March through Aught
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