Help Save & Exit Grover has forecast sales to be $125,000 in February, $138,000 in...
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Help Save & Exit Grover has forecast sales to be $125,000 in February, $138,000 in March, $158,000 in April, and $149,000 in May. The average cost of goods sold is 80% of sales. All sales are on made on credit and sales are collected 65% in the month of sale, and 35% the month following. What are budgeted cash receipts in March
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