Distribution Corporation collects 35% of a month's sales in the month of sale, 45% in...
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Accounting
Distribution Corporation collects 35% of a month's sales in the month of sale, 45% in the month following sale, and 20% in the second month following sale. Budgeted sales for the upcoming four months are: Ac April budgeted sales $150,000 henMay budgeted sales $140,000 June budgeted sales $200,000 men July budgeted sales $170,000 The amount of cash that will be collected in July is budgeted to be omew O A $213,500 a Qui OB. $218,000 OC. $50,500 OD. $158,500 SCO
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