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Budgeted Cash Collections In an effort to improve cash collection, Suburban Medical Clinic offers terms of 2 / 1 0 , n 3 0 ,

Budgeted Cash Collections
In an effort to improve cash collection, Suburban Medical Clinic offers terms of 2/10,n30, with a 5% discount on patient payments made with cash. Suburban estimates its total billings for the second calendar quarter of the year as follows: Apri $200,000; May, $240,000; and June, $290,000. Historically, Suburban has had the following patient collection patterns:
\table[[,\table[[Portions],[of],[Total],[Sales]]],[In month of sale:,],[Cash at time of sale,25%
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