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How much does the company anticipate as cash receipts

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Reference no: EM132746072

Question - The following credit sales are budgeted by Polex Electronics:

January $124,000

February 120,000

March 135,000

April 140,000

May 142,000

The company's past experience indicates that 50% of the accounts receivable are collected in the month of sale, 30% in the month following the sale, and 18% in the second month following the sale. Two percent are uncollectible. How much does the company anticipate as cash receipts for March?

A. $135,060

B. $125,820

C. $122,300

D. $132,300

Reference no: EM132746072

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