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Fenton's projected revenue for 20X6 is $350,000. It is forecast that 20% of revenue will occur in January and the rest will be equally spread among the remaining eleven months. All sales are on credit. Customers' accounts are settled 50% in the month of sale, 45% in the following month, and 5% are written off as bad debts after two months. What are the budgeted cash collections for March? (work to the nearest $) Budgeted cash collections of $________ |