Calculate the cash receipts expected for the month of march, Managerial Accounting

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Calculate the cash receipts expected for the month of march

Problem

Lambeau Inc.'s collection patterns indicate 75% of the month's sales will be collected in the month of the sale, 20% in the following month, and 2% two months after the sale. Sales forecasts are $250,000 in January, $325,000 in February, and $285,000 in March. Calculate the cash receipts expected for the month of March.

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Managerial Accounting: Calculate the cash receipts expected for the month of march

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Managerial Accounting: Calculate the cash receipts expected for the month of march

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