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140. A company's past experience indicates that 70% of its credit sales are collected in the month of sale and 28% in the next month.

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140. A company's past experience indicates that 70% of its credit sales are collected in the month of sale and 28% in the next month. The remainder is never collected. The company's budgeted credit sales totalled: January $100,000 February 90,000 March 110,000 How much are expected cash receipts for February? a) $102,200 b) $88,200 c) $93,800 d) $91,000

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