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ABC, Inc.'s past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, and 5%
ABC, Inc.'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 February March $180,000 108,000 270,000 The cash inflow in the month of March is expected to be a. $203,400. b. $153,900. c. $162,000. d. $194,400
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