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All of Ellie Corporation's sales are on account. 40% of the sales on account are collected in the month of sale, 40% in the month
All of Ellie Corporation's sales are on account. 40% of the sales on account are collected in the month of sale, 40% in the month following sale, and 20% are collected in the second month following sale. The following are budgeted sales data for the company: January February March April Total sales $50,000 $60,000 $40,000 $30,000 What is the amount of cash that should be collected in March
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