Question: Help Save & Exit Sub Morrison Company has completed its sales budget for the first quarter of Year 2. Projected credit sales for the

Help Save & Exit Sub Morrison Company has completed its sales budget for the first quarter of Year 2. Projected credit sales for the first four months of the year are shown below: January February March $ 33,000 $ 39,000 $ 48,000 $ 51,000 April The company's past records show collection of credit sales as follows: 40% in the month of sale and the remaining balance in the following month. The total cash collection in March is expected to be:

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