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Camellia, a merchandising company, has provided the following extracts from their budget for the first quarter of the following year: Jan. Feb. March Sales (25%

Camellia, a merchandising company, has provided the following extracts from their budget for the first quarter of the following year: Jan. Feb. March Sales (25% cash). $550,000. $700,000. $900,000 The company collects 70% of credit sales in the same month and the next month. Calculate the collections from the customers for the month of Feb. Answer choices A) $666,250 B) $491,000 C) $542,500 D) $700,000

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