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A merchandising company's sales budget indicates the following sales: January: $25,000; February: $30,000; March: $35,000. The company expects 70% of the sales to be on account and the remainder to be cash sales. Credit sales are collected in the month following the sale. The total cash collected during March will be
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A merchandising company's sales budget indicates the following sales: January: $25,000; February: $3...
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