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Clara Oswald Enterprises has budgeted sales revenues as follows: January $ 55.000 February 75.000 March 90.000 April 70,000 May 50,000 June 35,000 Clients usually pay
Clara Oswald Enterprises has budgeted sales revenues as follows: January $ 55.000 February 75.000 March 90.000 April 70,000 May 50,000 June 35,000 Clients usually pay 60% in the month of sale, 30% in the month following the sale, and 10% in the second month following the sale. Instructions: Prepare a schedule which shows expected cash receipts from sales for the months of April, May, and June. Include a total for each month
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