The BRS Corporation makes collections on sales according to the following schedule: 25% in month...
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Accounting
The BRS Corporation makes collections on sales according to the following schedule: 25% in month of sale 70% in month following sale 5% in second month following sale The following sales have been budgeted: Sales April $120,000 May $140,000 June $130,000 Budgeted cash collections in June would be: Multiple Choice $130,600 $136,500 $130,500 $130,000
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