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A Company has the following sales budget for the first three months of the current year: Month Sales Revenue January $600,000 February 150,000 March 440,000
A Company has the following sales budget for the first three months of the current year:
Month Sales Revenue
January $600,000
February 150,000
March 440,000
- 65 percent in month of sale
- 25 percent in month following sale
- 8 percent in second month following sale
- 2 percent uncollectible
November and December sales were $100,000 and $200,000, respectively.
What is budgeted cash collections from sales for February?
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