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Sheridan Company has the following budgeted sales:January $110000, February $160000, and March $120000, 40% of...

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Accounting

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Sheridan Company has the following budgeted sales:January $110000, February $160000, and March $120000, 40% of the sales are for cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month. The total expected cash receipts during March are: $132000 $142000 $144000 $120000

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