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Bramble Company's budgeted sales and direct materials purchases are as follows: Bramble's sales are 40% cash and 60% credit. It collects credit sales 10% in
Bramble Company's budgeted sales and direct materials purchases are as follows: Bramble's sales are 40% cash and 60% credit. It collects credit sales 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale; 4% are uncollectible. Bramble's purchases are 50% cash and 50% on account. It pays purchases on account 60% in the month of purchase, and 40% in the month following purchase. (a) Prepare a schedule of expected collections from customers for March
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