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29 30 Q13: Big Jim Outerwear had the following sales: 1 2 3 January February March $ 190,000 $ 200,000 $210,000 4 If sales
29 30 Q13: Big Jim Outerwear had the following sales: 1 2 3 January February March $ 190,000 $ 200,000 $210,000 4 If sales are 40% cash and 60% credit with credit collections being 10% in the month of sale, 50% in the 5 month following sale, and 40% in the second month following sale. What is the expected cash 5 collections in March? (2 marks) A) $200,000 B) $84,000 C) $202,200 D) $222,222
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