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Parlee Company's sales are 30% in cash and 70% on credit. Sixty percent of the credit sales are collected in the month of sale, 25%

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Parlee Company's sales are 30% in cash and 70% on credit. Sixty percent of the credit sales are collected in the month of sale, 25% in the month following sa and 12% in the second month following sale. The remainder is uncollectible. The following are budgeted sales data: January $60,000 February $70,000 March $50,000 April $30,000 Total Sales What would be the budgeted total cash receipts in April? What would be the budgeted total cash receipts in April? Multiple Choice O $27,230. O $47.900. O $38.900. $36.230

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