Distribution Corporation collects 40% of a month's sales in the month of sale,...
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Accounting
Distribution Corporation collects 40% of a month's sales in the month of sale, 55% in the month following sale, and 5% in the second month following sale. Budgeted sales for the upcoming four months are April budgeted sales May budgeted sales June budgeted sales July budgeted sales $50,000 $200,000 $300,000 $210,000 The amount of cash that will be collected in July is budgeted to be O A. $255,500 B. $259,000 OC. $175,000 O D. $84,000
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