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70% of parlee corporation's sales are collected in the month of sale, 25% in the month following sale, and 5% in the second month following
70% of parlee corporation's sales are collected in the month of sale, 25% in the month following sale, and 5% in the second month following sale. Shown are budgeted sales data for the company. What would be the total budgeted cash collections in April?
Total Sales... January - $600,000 February - $700,000 March - $500,000 April - $300,000
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