Business, 06.05.2020 02:41 hannahhh565

Page Company makes 30% of its sales for cash and 70% on account. 60% of the credit sales are collected in the month of sale, 25% in the month following sale, and 12% in the second month following sale. The remainder is uncollectible. The following information has been gathered for the current year: Month 1 2 3 4 Total sales $60,000 $70,000 $50,000 $30,000 Total cash receipts in Month 4 will be:

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Page Company makes 30% of its sales for cash and 70% on account. 60% of the credit sales are collect...

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