If Excel Inc.

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...