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Drinkwater Corporation has retrieved the following information from their sales budget Month January February March April May June Total Budgeted Revenue $718,000 $856,000 $752,000 $604,000
Drinkwater Corporation has retrieved the following information from their sales budget Month January February March April May June Total Budgeted Revenue $718,000 $856,000 $752,000 $604,000 $804,000 $672,000 All sales are made on account. Collections on sales are based on the following schedule: Initial Month Month Following Second Month Following Percentage 15% 25% 60% What are the total cash receipts for the month of April
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