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Avril Company makes collections on sales according to the following schedule:

30% in the month of sale
60% in the month following sale
8% in the second month following sale

The following sales are expected:

Expected Sales
January $100,000
February 120,000
March 110,000

what Cash collections in March should be budgeted to be:

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M968547

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