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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%

image text in transcribed 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 $260000 February 116000 March 460000 The cash inflow in the month of March is expected to be $173800. $310800. $323800. $276000

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