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Daniel Equipment expects the following sales in January, February, and March: Cash Credit Sales Sales January $50800 $254500 February $46300 $244500 March $85900 $327000 The
Daniel Equipment expects the following sales in January, February, and March: Cash Credit Sales Sales January $50800 $254500 February $46300 $244500 March $85900 $327000 The controller has determined that the company collects credit sales as follows: 60% in the month of sale, 30% in the first month after sale, and 10% in the second month after sale. How much cash will be collected from customers in March? $295000. $380900. $412900. None of these answer choices are correct
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