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Cringle Company expects sales as follows: January $100,000 February $150,000 March $180,000 April $200,000 Sales are made 20% for cash, and 80% on credit. Credit
Cringle Company expects sales as follows: January $100,000 February $150,000 March $180,000 April $200,000 Sales are made 20% for cash, and 80% on credit. Credit sales are collected 60% in the month of sale and 40% in the next month. What are cash collections for March? $170,400 $180,000 $36,000 $168,000
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