Compute the Cash Collected in March. Total Sales ...

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Accounting

Compute the Cash Collected in March.
Total Sales
January 40,000
February 50,000
March 70,000
The company has 80% of total sales as cash sales during each month. The company receives 50% of sales on account in the same month as the sale, and the remaining 50% collected the month following the sale.
Group of answer choices
70,000
72,000
68,000
56,000

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