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Jemima's Outfits has a store in Dixie Outlet Mall. Jemima's Outfits specializes in high-class ladies...

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Accounting

Jemima's Outfits has a store in Dixie Outlet Mall. Jemima's Outfits specializes in high-class ladies fashions and sells complete outfits for a uniform price of \( \$ 75 \) each. The sales budget for 2021 was to sell 6,000 outfits. Assume that \( 50 \% \) of the sales were made for cash, and \( 50 \% \) were made on credit terms. Of the credit customers, \( 70 \% \) pay by the end of the month following the sale, \( 28 \% \) pay by the end of the next month following, and \( 2 \% \) turn into bad debts. Sales for 2021 were as follows: January, 300 outfits; February, 300 outfits; March, 400 outfits; April, 500 outfits; May, 500 outfits. The cash collected in the month of April 2021 would be none of those provided \( \$ 32,400 \) \( \$ 37,500 \) \( \$ 30,000 \) \( \$ 25,975 \)

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