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Schoof Inc. expects to have sales of $30,000 in January, $35,000 in February, and $40,000 in March. ...

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Schoof Inc. expects to have sales of $30,000 in January, $35,000 in February, and $40,000 in March. ...

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?

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$29,151

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$30,685

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$32,300

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$34,000

Textbook

Financial Management: Theory and Practice

Edition: 4^th

Authors: Brigham, Ehrhardt, Gessaroli, Nason

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This site is awesome

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