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Business, 24.04.2020 22:44 hendersontianna05

Mad Dog Fence company expects to sell 30 fences p/month for $1000 each. Monthly sales are 20% cash and 80% credit. Of the credit sales, 35% are collected in the same month as sold, 60% are collected one month after the sale, and 5% are never collected (turn to bad debt). Assuming Mad Dog sells 30 fences in January and February, what are the cash collections in February?

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Mad Dog Fence company expects to sell 30 fences p/month for $1000 each. Monthly sales are 20% cash a...
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