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A Company collects 20% of a months sales in the month of sale, 70% in...

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Accounting

A Company collects 20% of a months sales in the month of sale, 70% in the month following sale, and 6% in the second month following sale. The remainder is uncollectible. Budgeted sales for the next four months are:com

Cash collections in April are budgeted to be:

$320,000

$292,000

$313,000

$321,000

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