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Thorne Company has the following budgeted sales: January $ 11,790 February $ 23,490 March $ 48,770 40% of the sales are for cash and 60%
Thorne Company has the following budgeted sales: January $ 11,790 February $ 23,490 March $ 48,770 40% of the sales are for cash and 60% are on credit. For the credit sales, 60% are collected in the month of sale, and the rest the next month. The total expected cash receipts during February are: $
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