Review the following sales information: January sales are $ 60,000 February sales are $ 70,000...

 

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Review the following sales information: ⚫ January sales are $ 60,000 February sales are $ 70,000 • 80% of sales are made on a cash basis • 20% of sales are collected after 30 days How much cash will the company collect in February? Review the following sales information: ⚫ January sales are $ 60,000 February sales are $ 70,000 • 80% of sales are made on a cash basis • 20% of sales are collected after 30 days How much cash will the company collect in February?

Answer rating: 100% (QA)

To calculate how much cash the company will collect in February we need to consider the s... View the full answer