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Business, 25.04.2020 01:09 chriscook9965

Benjamin Corporation began its operations on September 1 of the current year. Budgeted sales for January, February and March are $250,000, $300,000, and $420,000, respectively. The company expects to collect 20% of the current months sales in cash. 70% is expected to be collected in the month following the sale. 10% is considered uncollectible. The cash collections for February are:

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