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Super Friendly company provided the following sales budget for the first quarter (Q1) of 2021. 40% of the company's sales are cas sales meaning the
Super Friendly company provided the following sales budget for the first quarter (Q1) of 2021. 40% of the company's sales are cas sales meaning the customer pays cash for the product immediately at the time of purchase. The remaining 60% of sales are credit sales. Half of the credit sales are received in cash in the month of sale. The other half of the credit sales are received in cash in the month following the sale. January $360,000 February $396,000 March $756.000 Total for Q1 $1,512,000 Sales How much cash does Super Friendly company expect to receive from customers in February 2021? 5262 800 $158.400 $385 200 $396 000
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