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You collect 80% of each month's sales in one month following the sale and 20%,...

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Accounting

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 $150,000 $140,000 What would be your amount for cash collected from customers in March?

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