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Al Maha Company makes collections on sales according to the following schedule: 10% in the month of sale 50% in the month following sale 40%
- Al Maha Company makes collections on sales according to the following schedule: 10% in the month of sale 50% in the month following sale 40% in the second month following sale The following sales are expected:
|
| Expected Sales |
| January | $80,000 |
| February | $100,000 |
| March | $120,000 |
Cash collections in March should be budgeted to be: A. $113,000 B. $90,000 C. $94,000 D. $96,000
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From Fish Hook To Audit Tool An Autobiography
Authors: Aftab Alam Khan
1st Edition
1099497515, 978-1099497513
