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Boise Boots prepared the following sales budget: Credit collections are 5% two months following the sale, 43% in the month following the sale and 50%
Boise Boots prepared the following sales budget: Credit collections are 5% two months following the sale, 43% in the month following the sale and 50% in the month of sale. The remaining 2% is expected to be uncollectible. What are the total cash collections in May at Boise Boots? A. 525,140 B. $80,000 C. $67,140 D. $12,990
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