Parlee Company's sales are 30% in cash and 70% on credit. Sixty percent of the...
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Accounting
Parlee Company's sales are in cash and on credit. Sixty percent of the credit sales are collected in the month of sale, in the month following sale, and in the second month following sale. The remainder is uncollectible. The following are budgeted sales data:
January February March April
Total Sales $ $ $ $
What would be the budgeted total cash receipts in April?
a
$
b
$
c
$
d
$
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