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A company sells a single product. Sales for the upcoming quarter are budgeted as: Jan - $280,000 Feb - $288,400 Mar - $269,800 Assume 30%

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A company sells a single product. Sales for the upcoming quarter are budgeted as: Jan - $280,000 Feb - $288,400 Mar - $269,800 Assume 30% of sales are for cash and 70% are credit sales. Credit sales are collected in the month following the month of sale. Cash collection for March are $282,820. $188,860. $290,920. O $269,800

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