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19) Eastern Corporation collects 10% in the second month following sale, 55% in the month following sale and 35% of a month's sales in the
19) Eastern Corporation collects 10% in the second month following sale, 55% in the month following sale and 35% of a month's sales in the month of sale. Budgeted sales forthe upcoming four months are: The amount of cash that will be collected in July is budgeted to be A) $173,000. B) $204,500. C) $63,000. D) $197,000
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