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3. Camp and Fevurly Financial Planners have forecasted revenues for the first six months of 2015, as shown in the following table Month Revenue Month

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3. Camp and Fevurly Financial Planners have forecasted revenues for the first six months of 2015, as shown in the following table Month Revenue Month Revenue 24,000 $38,400 March November 2014 30,400 December 36,000 April 20,000 May January 2015 32,000 February 21,600 June 36,000 The firm collects 60% of its sales immediately, 39% one month after the sale, and 1% are written off as bad debts two months after the sale. The firm assumes that wages and benefits paid to clerical personnel will be $7,000 per month while commissions to sales associates average 25% of collectable sales. Each of the two partners is paid $5,000 per month or 20% of net sales, whichever is greater. Commissions and partner salaries are paid one month after the revenue is earned. Rent expense for their office space is $3,500 per month, and lease expense for office equipment

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