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Camp and Fevurly Financial Planners have reve first six months of 2017, as shown in the following table. forecasted 3. Revenue $27,600 34,960 36,800 41,400

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Camp and Fevurly Financial Planners have reve first six months of 2017, as shown in the following table. forecasted 3. Revenue $27,600 34,960 36,800 41,400 Revenue Month Month November 2016$44,160 March December January 2017 February 41,400 April 23,000 May 24,840June The firm collects 70% of its sales immediately, 29% one month after the sale, and 1% are written off as bad debts two months after the sale. The firm assumes that wages and benefits paid to clerical personnel will be $8,050 per month, while commissions to sales associates average 25% of collectable sales. Each of the two partners is paid $5,000 per month or 20% of net sales, whichever is greater. Commissions and partner salaries are paid one month after the revenue is earned. Rent expense for their office space is $4,025 per month, and lease expense for office equipment

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