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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%

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 $180,000 February 108,000 March 270,000 The cash inflow in the month of March is expected to be a) $194,400. b) $162,000. c) $203,400. d) $153,900

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