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Cainas predicts the following sales: January $20,000, February $30,000 March $40,000. 20% of sales are...

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Accounting

Cainas predicts the following sales: January $20,000, February $30,000 March $40,000. 20% of sales are made in cash, with the remaining credit sales collected 50% in the current month and 50% the following month. The budgeted cash collections for March are:

A. $8,000 B. $24,000 C. $39,000 D. $36,000

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