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Singal Inc. is preparing its cash budget. It expects to have sales of $38052 in January, $35997 in February, and $48212 in March. If 20%

Singal Inc. is preparing its cash budget. It expects to have sales of $38052 in January, $35997 in February, and $48212 in March. If 20% of sales are for cash, 40% are credit sales paid in the month after the sale, and another 40% are credit sales paid 2 months after the sale, what are the expected cash receipts for March?

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