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2) ABC Corporation is estimating the following sales for the first four months of next year: January $ 210,000 February 280,000 March $ 340,000 April
2) ABC Corporation is estimating the following sales for the first four months of next year: January $ 210,000 February 280,000 March $ 340,000 April 370,000 Sales are normally collected 60% in the month of sale and 40% in the month following the sale. Based on this information, how much cash should ABC expect to collect during the month of April? A) $370,000 B) $222,000 C) $119,000 D) $358,000
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