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4. Al Maha Company makes collections on sales according to the following schedule: 10% in the month of sale 50% in the month following sale
4. Al Maha Company makes collections on sales according to the following schedule: 10% in the month of sale 50% in the month following sale 40% in the second month following sale The following sales are expected: January February March Expected Sales $5,000 $6,000 $10,000 Cash collections in March should be budgeted to be A $21,000 B. $10,000 C. $6,000 D. $16,000
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