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The following credit sales are budgeted by Sanchez Company: January February March April $34,000 50,000 70,000 60,000 The company's past experience indicates that 70%
The following credit sales are budgeted by Sanchez Company: January February March April $34,000 50,000 70,000 60,000 The company's past experience indicates that 70% of the accounts receivable are collected in the current month, 20% from last month, and 8% from two months ago. The anticipated cash inflow for the month of March is Select one: Oa. $61,720. O b. $56,000. Oc. $60,000. d. $58,800.
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