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Sales are 30% cash and 70% credit. Credit sales are collected at 10% in the month of sale, 50% in the month following sale, and
Sales are 30% cash and 70% credit. Credit sales are collected at 10% in the month of sale, 50% in the month following sale, and 36% the second month following sale. Sales were December $180,000; Janurary $220,000; February $250,000; and March $300,000. What was the total cash received in March?
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