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Barsema Corporation collects cash from customers as follows: 60% in the month of sale, 20% in the month after sale, 19% in the second month
Barsema Corporation collects cash from customers as follows: 60% in the month of sale, 20% in the month after sale, 19% in the second month after sale, and 1% is never collected. Bad debts are written off annually in December. Budgeted sales are all on credit and amount to: May $660,000 June 800,000 July 560,000 August 600,000 What is the budgeted amount of cash to be collected in July
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