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A company's past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, and 5%

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A company's past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, and 5% in the second month after the sale; the remainder is never collected. Budgeted credit sales were: January $60,000; February $36,000; and March $90,000. The cash inflow in the month of March is expected to be: Select one: O a. $67,800 O b. $54,000 O c. $64,800 O d. $51,300

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