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Root Company sells a product for $35. Budgeted sales for the first few months of...

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Accounting

Root Company sells a product for $35. Budgeted sales for the first few months of 2020 are as follows: January $600,000 February 300,000 March 900,000 April 735,000 The company typically collects 70% in the month of sale and 28% in the following month. The remaining 2% is not collected. Calculate budgeted cash receipts for March and April.

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