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Exam 29 The following credit sales are budgeted by Gonzalez Company. The company past experience indicates that 80% of the accounts receivable are collected in

image text in transcribedExam 29
The following credit sales are budgeted by Gonzalez Company. The company past experience indicates that 80% of the accounts receivable are collected in the month of sale, 20 percent in the month following the sale. The anticipated cash inflow for the month of March is

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