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Abc collects 39 percent of its sales in the month of sale

ABC Company has projected Sales of $17,932 in January. The sales are expected to grow by 10% each month. ABC's collection schedule is as follows:

ABC collects 39 percent of its sales in the month of sale and the remainder is collected in the following month. What is the amount of the March cash collections?

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Finance Basics: Abc collects 39 percent of its sales in the month of sale

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