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Other Fields Homework Help Finance Topic started by: steveberrings on Aug 20, 2023



Title: Schoof Inc. expects to have sales of $30,000 in January, $35,000 in February, and $40,000 in March. ...
Post by: steveberrings on Aug 20, 2023
Schoof Inc. expects to have sales of $30,000 in January, $35,000 in February, and $40,000 in March. If 20% of sales are for cash, 40% are credit sales paid in the month following the sale, and another 40% are credit sales paid 2 months following the sale, what are the cash receipts for the firm in March?


$29,151



$30,685



$32,300



$34,000



Title: Re: Schoof Inc. expects to have sales of $30,000 in January, $35,000 in February, and $40,000 in March. ...
Post by: Ms Thickie on Aug 20, 2023
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