welch company which expects to start operations on january i 2011 will sell digital 494808

Welch Company, which expects to start operations on January I, 2011, will sell digital cameras in shopping malls. Welch has budgeted sales as indicated in the following table. The company ex-pects a 10 percent increase in sales per month for February and March. The ratio of cash sales to sales on account will remain stable from January through March.

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