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Brees Trees manufactures and sells young, small trees. Budgets are as follows: Sales are budgeted at $220,000 for February, $300,000 for March, $250,000 for April,
Brees Trees manufactures and sells young, small trees. Budgets are as follows: Sales are budgeted at $220,000 for February, $300,000 for March, $250,000 for April, and $550,000 for May. Cash Collections are expected to be 55% in the month of sale, 30% in the month following the sale, 10% two months following the sale, and 5% uncollectible. All sales are on credit. . . Expected cash collections for the month of April is: O a. 262,000 b.227,500 c. 236,000 O d. 249,500
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