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Boise Boots prepared the following sales budget: Month Cash Sales Credit Sales March $21,000 $7,000 April $30,000 $11,000 May June $42,000 $58,000 $40,000 $53,000 Credit
Boise Boots prepared the following sales budget: Month Cash Sales Credit Sales March $21,000 $7,000 April $30,000 $11,000 May June $42,000 $58,000 $40,000 $53,000 Credit collections are 10% two months following the sale, 55% in the month following the sale, and 30% in the month of sale. The remaining 5% is expected to be uncollectible. What is the total cash received in April from the April sales at Boise Boots? A. $3,300 B. $26,700 C. $33,300 OD. $41,000
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