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A company's past experience indicates that 80% of its credit sales are collected in the month of sale and 16% in the next month. The

A company's past experience indicates that 80% of its credit sales are collected in the month of sale and 16% in the next month. The remainder is never collected. The companys budgeted credit sales totalled:

January $100800
February 89200
March 110800

How much are expected cash receipts for February?

$102912

$85632

$89088

$87488

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