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Your budgeted sales are January $20,000, February $40,000 and March $60,000. Your cash collection from sales is: 60% in the month of sale and 40%
Your budgeted sales are January $20,000, February $40,000 and March $60,000. Your cash collection from sales is: 60% in the month of sale and 40% in the month following sale. Calculate the total amount of cash collected for March:
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