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Brown Co. has the following budgeted sales: January $160,000, February $230,000, and March $200,000. 40% of the sales are for cash and 60% are on
Brown Co. has the following budgeted sales: January $160,000, February $230,000, and March $200,000. 40% of the sales are for cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month. The total expected cash receipts during March are: (Answer: $209,000)
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