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Super T Hotels expects $760,000 of total sales in February and $740,000 of total sales in March. Historically, the company collects 90% of its total
Super T Hotels expects $760,000 of total sales in February and $740,000 of total sales in March. Historically, the company collects 90% of its total sales in the month of sale and 10% in the following month. Determine the amount of cash that the company expects to collect in the month of March.
Super T Hotels Cash Collections Budget For the Month Ending March 31, 2020 Collection of February Sales$AnswerCollection of March Sales$AnswerTotal cash to be collected$Answer
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