You collect 80% of each month's sales in one month following the sale and 20%, the remainder,
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Question:
You collect 80% of each month's sales in one month following the sale and 20%, the remainder, two months following the sale. If your sales are budgeted to be:
| January | February | March |
| $100,000 | $130,000 | $140,000 |
What would be your amount for cash collected from customers in March?
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