Rodney Company has the following sales budget: Month Cash Sales Credit Sales September $100,000 $250,000...
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Rodney Company has the following sales budget: Month Cash Sales Credit Sales September $100,000 $250,000 October 125,000 180,000 November 130,000 210,000 December 135,000 190,000 Collections of credit sales are 50% in the month of sale, 40% in the month following sale, and 10% two months following sale. No uncollectible accounts are expected. What are the estimated cash collections in September from September sales?
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