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Schoof Inc. expects to have sales of $30,000 in January, $35,000 in February, and $40,000 in March.

Schoof Inc. expects to have sales of $30,000 in January, $35,000 in February, and $40,000 in March. If 20% of sales are for cash, 40% are credit sales paid in the month following the sale, and another 40% are credit sales paid 2 months following the sale, what are the cash receipts for the firm in March?
Answer


$29,151

$30,685

$32,300

$34,000

$35,700

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