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Center Company makes collections on sales according to the following schedule: 25% in the month of sale 60% in the month following sale 10% in
Center Company makes collections on sales according to the following schedule: 25% in the month of sale 60% in the month following sale 10% in the second month following sale The following sales are expected: Expected Sales January $ 116,000 February $ 151,000 March $ 132,000 Cash collections in March should be budgeted to be: Multiple Choice $132,000. $133,600. $123,600. $135,200.
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