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Question 24 of 50 -/6 E View Policies Current Attempt in Progress Blossom Manufacturing Company expects the following sales in January, February, and March: January
Question 24 of 50 -/6 E View Policies Current Attempt in Progress Blossom Manufacturing Company expects the following sales in January, February, and March: January February March Cash Sales $50600 $46600 586000 Credit Sales $251500 $245000 $323000 The controller has determined that the company collects credit sales as follows: 60% in the month of sale, 30% in the first month after sales in the second month after sale, and 5% is expected to be uncollectible. How much cash will be collected from customers in Marche 5279875 $40000 5365675 $353300 Attempts of 1 used
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