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A companys history indicates that its collections on sales are 30% in the month of the sale, 50% in the next month, and 15%

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Answer #1

Expected receipts in March

= March sales (95,000*30%) + February sales (85,000*50%) + January sales (60,000*15%)

= 28,500 + 42,500 + 9000

= 80,000

Option A is the answer

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