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5 [5 points]. Our company's budgeted sales for the last six months of 2022 are below: Sales July August September October November December $4,853,000 $3,640,000
5 [5 points]. Our company's budgeted sales for the last six months of 2022 are below: Sales July August September October November December $4,853,000 $3,640,000 $4,984,000 $5,234,000 $5,237,000 $4,843,000 When preparing our cash budgets-we used the following estimated patterns of cash receipts: 80% of our sales are on credit; 20% of our sales are in cash; 60% of our credit sales are collected in the month of the sale; 30% of our credit sales are collected in the month following the sale; 10% of our credit sales are collected in the second month following the sale. Our budgeted accounts-receivable balance on Sgtember 30, 2022 is closest to A. $1,594,880 13. $1,871,680 6) $1,886,080 D.' $2,863,060 $4,650,960 3680840 X'w" 39W?\" 534* \"93 4,113 043 9!? wt 9,. 0% Cash sat. (2920) 61411109 723,008 4610,5100 0mm 80,486.19} 3 2312320 520 #394440 \"(A720 3155. Mb 032.9153) (070 W 601' Mdh g\" Lalmw (M 900: '27'9J17M1L/ I; 0664 lo 44690'100
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