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The following credit sales are budgeted by Marigold Electronics: January $124500 February 119200 March 135000 April 139300 141400 May The company's past experience indicates
The following credit sales are budgeted by Marigold Electronics: January $124500 February 119200 March 135000 April 139300 141400 May The company's past experience indicates that 50% of the accounts receivable are collected in the month of sale, 30% in the month following the sale, and 17% in the second month following the sale. 3 percent are uncollectible. How much does the company anticipate as cash receipts for March? $130950 $124425 $120960 $133328 Qu Mu Q Ma
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