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11. Avril Company makes collections on sales according to the following schedule: 30% in the month of sale 60% in the month following sale 10%
11. Avril Company makes collections on sales according to the following schedule: 30% in the month of sale 60% in the month following sale 10% uncollectible The following sales are expected: January Expected Sales $100,000 $120,000 February March $110,000 Cash collections/receipts in March should be budgeted to be: $116,000 $105,000 $110,000 $102,000
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