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Budgeting Cash Collections Lowell Consulting, which sells on terms 2/10, n/30, had credit sales for March and April of $60,000 and $50,000, respectively. Analysis of
Budgeting Cash Collections Lowell Consulting, which sells on terms 2/10, n/30, had credit sales for March and April of $60,000 and $50,000, respectively. Analysis of Lowell's operations indicates that the pattern of customers' payments on account is as follows (percentages are of total monthly credit sales): 9-4B. Beyond Period 20% Receiving Discount Totals Discount 40% 1596 6096 35% 5% 100% in month of sale 2096 Uncollectible accounts, returns, and allowances.. Determine the estimated cash collected on customers' accounts in April
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