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A company sells a single product. Sales for the upcoming quarter are budgeted as: - April $250,000 - May - $268,000 - June $295,300 -
A company sells a single product. Sales for the upcoming quarter are budgeted as: - April $250,000 - May - $268,000 - June $295,300 - July- $302,670 Assume all sales are on account. Sales are collected as: 10% collected in the first month after the month of sale, and the remaining 90% are collected in the 2 nd month after the month of sale. Compute the budgeted cash collections for dune. $268,450 $301,933. $268,000 $251,800. A company sells a single product. Sales for the upcoming quarter are budgeted as: - April $250,000 - May - $268,000 - June $295,300 - July- $302,670 Assume all sales are on account. Sales are collected as: 10% collected in the first month after the month of sale, and the remaining 90% are collected in the 2 nd month after the month of sale. Compute the budgeted cash collections for dune. $268,450 $301,933. $268,000 $251,800
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