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Sunnyvale Corporation makes collections on sales according to the following schedule: 40% in the month of sale 50% in the month after the sale 10%
Sunnyvale Corporation makes collections on sales according to the following schedule:
40% in the month of sale
50% in the month after the sale
10% two months after the sale
Here are their expected sales for the first quarter:
January............$70,000
February..........$50,000
March...............$30,000
How much cash will they collect in the month of March?
Group of answer choices:
A. $44,000
B. $37,000
C. $42,000
D. $30,000
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