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Easter Corporation collects 30% in the second month following sale, 60% in the month following sale and 10% of a month's sales in the month

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Easter Corporation collects 30% in the second month following sale, 60% in the month following sale and 10% of a month's sales in the month of sale. Budgeted sales for the upcoming four months are: April budgeted sales May budgeted sales June budgeted sales July budgeted sales $120,000 $150,000 $280,000 $160,000 The amount of cash that will be collected in July is budgeted to be O A. $213,000 OB. $229,000 OC. $16,000 OD. $231,000

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