If Excel Inc. has projected sales of $20,000 in January, $15,000 in February, and $30,000 in March; 80% of sales are on credit; 20% are collected in the month of sale and 80% are collected the month after, what are cash receipts in March?
f Excel Inc. has projected sales of $20,000 in January, $15,000 in February, and$30,000 in March; 80% of sales are on credit; 20% are collected in the month of saleand 80% are collected the month…
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