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Budgeting Cash Collections Spencer Consulting, which invoices its clients on terms 2/10. n/30, had credit sales for May and June of $70,000 and S80.000. respectively.

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Budgeting Cash Collections Spencer Consulting, which invoices its clients on terms 2/10. n/30, had credit sales for May and June of $70,000 and S80.000. respectively. Analysts of Spencer's operations indicates that the pattern of customers' payments on account is as follows (percentages are of total monthly credit sales)

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