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Polly Company's sales are 30% in cash and 70% on credit. Sixty percent of the credit sales are collected in the month of sale, 25%

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Polly Company's sales are 30% in cash and 70% on credit. Sixty percent of the credit sales are collected in the month of sale, 25% in the month following sale, and 12% in the second month following sale. The remainder is uncollectible. The following are budgeted sales data: What would be the budgeted total cash receipts in April? Select one: a. $38,900 b. $27,230 C. $42,760 d. $47,900

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