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Grover has forecast sales to be $127,000 in February, $136,000 in March, $158,000 in April, and $144,000 in May. The average cost of goods sold
Grover has forecast sales to be $127,000 in February, $136,000 in March, $158,000 in April, and $144,000 in May. The average cost of goods sold is 75% of sales. All sales are on made on credit and sales are collected 65% in the month of sale, and 35% the month following. What are budgeted cash receipts in March?
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