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Exercise 7 Your Co. collects 50% of its sales in the month of the sale, 30% the following month, and 20% in the second month

Exercise 7 Your Co. collects 50% of its sales in the month of the sale, 30% the following month, and 20% in the second month after the sale. Calculate budgeted cash receipts for March and April. January 400 February 320 March 480 April 240 May 560 June 400 Cash receipts in March Cash receipts in April

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