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5. July ) Diamond Company has the following sales budget for the last six months of 2021 August September October November December $200,000 160,000 220,000
5. July ) Diamond Company has the following sales budget for the last six months of 2021 August September October November December $200,000 160,000 220,000 180,000 200,000 188,000 Historically, the cash collection of sales has been as follows: 65% of sales collected in month of sale 25% of sales collected in month following sale 8% of sales collected in second month following sale 2% of sales uncollectible
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