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The following credit sales are budgeted by Crane Electronics: January February March April May $123000 119000 134000 139000 141000 The company's past experience indicates
The following credit sales are budgeted by Crane Electronics: January February March April May $123000 119000 134000 139000 141000 The company's past experience indicates that 45% of the accounts receivable are collected in the month of sale, 25% in the month following the sale, and 29% in the second month following the sale. 1 percent are uncollectible. How much does the company anticipate as cash receipts for March?
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