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Analytical Budget Drill #2 SpinCycle Company budgeted its January sales to be 10,000 units of its price is $36 each. Based on past experience,
Analytical Budget Drill #2 SpinCycle Company budgeted its January sales to be 10,000 units of its price is $36 each. Based on past experience, 30% of the sales are for SpinCycle expects sales to increase by 1,000 each month. The selling interactive belts. Because of an aggressive marketing campaign, cash with remained being on account. Of those belts sold on account, 50% are collected in the same month as the sale, 30% are collected one month of January began with no account receivable balance, what is the month later and 20% are collected two months later. Assuming the budgeted account receivable balance for the end of June?
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