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Salve Importers has $1000 in sales each month during January, February, and March. Fifty percent of sales each month are cash sales. The remaining fifty

Salve Importers has $1000 in sales each month during January, February, and March. Fifty percent of sales each month are cash sales. The remaining fifty percent are credit sales collected the following month. Cash payments (cash outflow) are $250 each month. What is the cash balance at the end of March

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