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Grover has forecast sales to be $136.000 in February. $146,000 in March. $161.000 in April, and $151,000 in May. The average cost of goods sold
Grover has forecast sales to be $136.000 in February. $146,000 in March. $161.000 in April, and $151,000 in May. The average cost of goods sold is 70% of sales. All sales are made on credit and sales are collected 60% in the month of sale, and 40% the month following. What are budgeted cash receipts in April? Multiple Choice $161.000 $152.000 O $155.000 $113,000 O
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