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AXE Co. expects to have sales of P30,000 in January, P33,000 in February, and P38,000...

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Finance

AXE Co. expects to have sales of P30,000 in January, P33,000 in February, and P38,000 in March. If 20 % of sales are for cash, 40 % are credit sales paid in the month following the sale, and 40 % are credit sales paid 2 months following the sale, what are the cash receiptsfrom salesin March?

A. P30,000

B. P32,800

C. P38,000

D. P47,400

E. P55,000

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