Problem:
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For a company accounts receivables balances as a percentage of a March's sales are 95% of March's sales, 55% of February's sales, and 20% of January's.
If this pattern continues, what is the estimated percentage of cash flows from April sales, March sales, February, and January scales that are expected to be collected in April?
If January Sales were $100,000, February Sales $200,000; March Sales $300,000, and April Sales $400,000, what is the Accounts Receivables Balance in April (assuming the same AR accounts receivable pattern as given in March).