The management team of Magnificent Modems, Inc. (MMI) wants to investigate the effect of several different growth rates

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The management team of Magnificent Modems, Inc. (MMI) wants to
investigate the effect of several different growth rates on sales
and cash receipts. Cash sales for the month of January are expected
to be $210,000. Credit sales for January are expected to be
$1,050,000. MMI collects 100 percent of credit sales in the month
following the month of sale. Assume a beginning balance in accounts
receivable of $1,008,000.
Required
Calculate the amount of sales and cash receipts for the months
of February and March assuming a growth rate of 2 percent and 4
percent. The results at a growth rate of 1 percent are shown as an
example.
Use the following forms, assuming a growth rate of 2 percent and
4 percent:
Calculate the amount of sales and cash receipts for the months
of February and March assuming a growth rate of 2 percent.
complete same for 4%