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A company's history indicates that 30% of its sales are for cash and the rest are on credit Collections on credit sales are 20% in

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A company's history indicates that 30% of its sales are for cash and the rest are on credit Collections on credit sales are 20% in the month of the sale, 45% in the month following the sale, and 25% in the second month following the sale. Projected sales for January, Februory, and March are $68,000,$93,000 and $103,000, respectively. The March expected cash receipts from current and prior credit sales is: Mutiple Choice 445,315 565,915 555,615 Maitiple Choice $45,315 $65,915 555.615 579450 $88,200

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