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R Company sells a product for 35. Budgeted sales for the first quarter of 2010 are as follows: January 600,000, February 240,000, March 900,000.The company

R Company sells a product for 35. Budgeted sales for the first quarter of 2010 are as follows: January 600,000, February 240,000, March 900,000.The company collects 70% in the month of sale and 25% in the following month. Five percent of all sale are uncollectible and are written off. Budgeted cash receipts for March are _____.

a) 600,000

b) 690,000

c) 900,000

d) 360,000

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