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LaChut corporation has found that 80% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit
LaChut corporation has found that 80% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales. LaChut corporation has experienced the following collection pattern. November sales for last year were $110, 000, while December sales were $125, 000 Projected sales for the next three months are as follows: Prepare a cash collections budget for the first quarter, with a column for each month acid for the quarter (Round your answers to the nearest whole dollar.)
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