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During June, ABC Company had sales of $270,000. Sales are expected to increase 20% each month. 40% of total sales are expected to be on
During June, ABC Company had sales of $270,000. Sales are expected to increase 20% each month. 40% of total sales are expected to be on account. ABC Company normally collects 100% of accounts receivable in the month following the month of sale. Determine the amount of total budgeted collections for July. $324,000 $129,600 $194400 $302.400
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