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5. April Company makes collections on sales according to the following schedule: -30 % in the month of sale -60% in the month following sale
5. April Company makes collections on sales according to the following schedule: -30 % in the month of sale -60% in the month following sale -8% in the second month following sale The following sales are expected: Expected sales January $ 100,000 $ 120,000 February March 110,000 Cash collections in March are budgeted to be: A. $110,000 B. $110,800 C. $105,000 D. $113,000
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