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The following credit sales are budgeted by Pharoah Company. January 210,800 February 310,000 March 434,000 The companys past experience indicates that 70% of the accounts

The following credit sales are budgeted by Pharoah Company.

January 210,800

February 310,000

March 434,000

The companys past experience indicates that 70% of the accounts receivable are collected in the month of sale, 30% in the month following the sale. The anticipated cash inflow for the month of March is

a.$434,000.

b.$396,800.

c.$303,800.

d.$421,60

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