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3 DL Inc. has the following budgeted sales: January $145000. February $280000, and March $150000.40% of the sales are for cash and 60% are on
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DL Inc. has the following budgeted sales: January $145000. February $280000, and March $150000.40% of the sales are for cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month. The total expected cash receipts for March are: $189000 $265000 $172000 $150000 Step by Step Solution
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