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Avril Company makes collections on sales according to the following schedule: 60% in the month...

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Accounting

Avril Company makes collections on sales according to the following schedule: 60% in the month of sale 37% in the month following sale 3% in the second month following sale The following sales are expected: Expected Sales January $160,000 February $170,000 March $160,000 Cash collections in March should be budgeted to be:

A)$160,000 B)$163,700 C)$158,900 D)$160,480

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