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Canton Inc has the following budgeted sales data: The regular pattem of collection of credit sales is 40% in the month of sale, 50% in

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Canton Inc has the following budgeted sales data: The regular pattem of collection of credit sales is 40% in the month of sale, 50% in the month following sale, and the remainder in the second month following the month of sale. There are no bad debts. The budgeted cash receipts for April would be: $350,000$320,000$415,000$383,000

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