Let us assume that chipotle uses the accounts receivables, Financial Management

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Let us assume that chipotle uses the accounts receivables

Let us assume that Chipotle uses the accounts receivables balance pattern to project their future month’s account receivables levels. Chipotle anticipates 18% of sales are collected in the current sale, and the remaining amount is collected two months after the sale. If February sales were $100,000 what is the projected accounts receivables collections in April for the February sales? a. $13000 b. $18000 c. $69000 d. $100000.

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