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Manu has forecast sales to be $115,900 in February, $156,600 in March, $163,900 in April,...

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Accounting

Manu has forecast sales to be $115,900 in February, $156,600 in March, $163,900 in April, and $177,700 in May. The average cost of goods sold is 70% of sales. 49% of sales are on made on credit, the rest are for cash. The sales on credit are collected 65% in the month of sale, and 35% the month following.

What are budgeted cash receipts on credit sales in March collected in March?
Selected Answer:

[None Given]
Correct Answer:

49,877 2

Answer & Explanation Solved by verified expert
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