Total cash collection from receivables

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Reference no: EM13153798

Meredith Company has completed its sales budget for the first quarter of 2010. Projected credit sales for the first four months of the year are shown below:

The company's past records show collection of credit sales as follows: 30% in the month of sale and the balance in the following month. The total cash collection from receivables in March is expected to be

A. $38,700

B. $45,000

C. $42,300

D. $31,800

Reference no: EM13153798

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