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Shown below are the budgeted sales for ABC Company for the next six months: on average, 40% of the sales on account are collected in
Shown below are the budgeted sales for ABC Company for the next six months: on average, 40% of the sales on account are collected in the month of sale, 30% are collected in the month following sale, 10% are collected in the second month following sale, and the remaining 20% is collected three months after the month of sale. Calculate the expected cash collections for April. Do not use decimals in your
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