Syracuse Distributions sales budget for the first quarter follows: All sales are on account (credit) with 50
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Syracuse Distribution’s sales budget for the first quarter follows:
All sales are on account (credit) with 50 percent collected in the month of sale, 30 percent collected in the month after sale, and 20 percent collected in the second month after sale. There are no uncollectable accounts. The March cash receipts are:
a. $140,000
b. $235,000
c. $285,000
d. None of the above
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