Question 26 3.333 pts Amant Inc. has accumulated the following budget information for the next...
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Question 26 3.333 pts Amant Inc. has accumulated the following budget information for the next two months: Total Sales for March $240,000 and Total Sales for April . $200,000. The company expects to sell 40% of its merchandise for cash. Of the sales on account, 80% are expected to be collected in the month of the sale and the remainder in the following month. The balance of Accounts Receivable was $45,000 on March 1. What would be the expected amount of the cash sales for the month of March? $240,000 0 $200,000 $96.000 o $80,000
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