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The following credit sales are budgeted by Blossom Company. January February March 200600 295000 413000 The company's past experience indicates that 60% of the accounts
The following credit sales are budgeted by Blossom Company. January February March 200600 295000 413000 The company's past experience indicates that 60% of the accounts receivable are collected in the month of sale, 40% in the month following the sale. The anticipated cash inflow for the month of March is $413000. $365800. $401200. $247800
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