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Explanation to how we got 31 Budgeted sales are $35 in April, $30 in May, and $25 in June. You expect to collect 80% of

Explanation to how we got 31 image text in transcribed
Budgeted sales are $35 in April, $30 in May, and $25 in June. You expect to collect 80% of a month's sales in the month of the sales and 20% in the following month. Compute expected cash receipts (inflows) for May. A. not enough information-depends on the mix of fixed and variable cash flows B. $29 C. $29 D. $31 E. $65

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