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    chloe1's Avatar
    chloe1 Posts: 1, Reputation: 1
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    #1

    May 9, 2007, 12:10 PM
    Accounts receivable and forecasting
    A firm has forecasted sales of $4000 in January, $6000 in February and $5,500 in March. All sales are on credit. 40% is collected in the month of sale and the remainder the following month. How much is collected from accounts receivable in February?
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    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    May 9, 2007, 06:33 PM
    40% of February Sales and 60% of January sales.
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