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Distribution Corporation collects 45% of a month's sales in the month of sale, 40% in the month following sale, and 15% in the second month
Distribution Corporation collects 45% of a month's sales in the month of sale, 40% in the month following sale, and 15% in the second month following sale. Budgeted sales for the upcoming four months are: The amount of cash that will be collected in July is budgeted to be A. $124, 500 B. $228,000 C. $216,000 D. $103, 500
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