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8) The BRS Corporation makes collections on sales according to the following schedule: 45% in month of sale 50% in month following sale 5% in
8) The BRS Corporation makes collections on sales according to the following schedule:
45% in month of sale
50% in month following sale
5% in second month following sale
The following sales have been budgeted:
Sales
April $ 140,000
May $ 150,000
June $ 140,000
Budgeted cash collections in June would be:
A) $138,000 B) $145,000 C) $140,700 D) $140,000
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