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Tasty company began its operations on January 1 of the current year

Finance

Tasty company began its operations on January 1 of the current year. Budgeted sales for the 1st quarter are Php 240,000, Php 300,000 and Php 420,000, respectively for January, February, and March. Tasty Company expects 20% of its sales on cash and the remainder on account. Of the sales on account, 70% are expected to be collected in the month of sale, 25% in the month following the sale, and the remainder in the following month. How much should Tasty receive from sales in March?

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