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Distribution Corporation collects 55% of a month's sales in the month of sale, 40% in the month following sale, and 5% in the second month

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Distribution Corporation collects 55% of a month's sales in the month of sale, 40% in the month following sale, and 5% in the second month following sale. Budgeted sales for the upcoming four months are: The amount of cash that will be collected in July is budgeted to be A. $222.000 B. $110,000 C. $202.000 D. $112.000

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