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Question 6 3 pts Budgeted sales are: February, $310,000, March $340,000 and April, $610,000. Sales are 80% credit sales with 75% collected in the month

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Question 6 3 pts Budgeted sales are: February, $310,000, March $340,000 and April, $610,000. Sales are 80% credit sales with 75% collected in the month following the sale, 25% two months following. What are cash receipts in April? ***Hint: Don't forget about cash sales. ***

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