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Blackberry Manufacturing budgeted sales on account of $190,000 for July, $310,000 for August, and $220,000 for September. Experience indicates that none of the sales on
Blackberry Manufacturing budgeted sales on account of $190,000 for July, $310,000 for August, and $220,000 for September. Experience indicates that none of the sales on account will be collected in the month of the sale, 60% will be collected the month after the sale, 36% in the second month, and 4% will be uncollectible. The cash receipts from accounts receivable that should be budgeted for September would be: a. $254,400 b. $242,000 c. $262,000 d. $394,000 Clear my choice
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