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Seventy percent of Pitkin Corporation's sales are collected in the month of sale, 20% in the month following sale, and 10% in the second month
Seventy percent of Pitkin Corporation's sales are collected in the month of sale, 20% in the month following sale, and 10% in the second month following sale. The following are budgeted sales data for the company:
JanuaryFebruaryMarchAprilBudgeted sales$200,000$300,000$350,000$250,000Total budgeted cash collections in April would be:
Group of answer choices
$175,000
$275,000
$70,000
$30,000
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