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David Equipment expects the following sales in January, February, and March: Cash Sales Credit Sales January $50300 $251000 February $46700 $240500 March $85200 $322000 The
David Equipment expects the following sales in January, February, and March: Cash Sales Credit Sales January $50300 $251000 February $46700 $240500 March $85200 $322000 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? $290450. $375650. $407200. None of these answer choices are correct
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