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Blue Ridge Mountain Equipment offers a 2% discount to customers who pay cash at the time of sale and a 1% discount to customers who
Blue Ridge Mountain Equipment offers a 2% discount to customers who pay cash at the time of sale and a 1% discount to customers who pay within the first 10 days of the month after sale. Past experience shows that cash collections from customers tend to occur in the following pattern: (Click the icon to view the collection experience.) Requirement 1. Compute the total cash budgeted to be collected in March if sales forecasts are $369,000 for January, $430,000 for February, and $480,000 for March. (Round your answers to the nearest whole dollar.)
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