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Cost accounting: budgeting: please help me solve this problem made Fiscal Company has the following sales budget: July August September Example 2: $100,000 80,000 110,000
Cost accounting: budgeting: please help me solve this problem made Fiscal Company has the following sales budget: July August September Example 2: $100,000 80,000 110,000 October November December $ 90,000 100,000 94,000 Historically, the cash collection of sales has been as follows: 65% of sales collected in the month of sale, 25% of sales collected in the month following the sale, 10% of sales collected in the second month following the sale What are cash collections for each of these months: September, October, November, and December
Cost accounting: budgeting: please help me solve this problem
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