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Eastern Corporation collects 35% in the second month following sale, 45% in the month following sale and 20% of a month's sales in the month
Eastern Corporation collects 35% in the second month following sale, 45% in the month following sale and 20% of a month's sales in the month of sale. Budgeted sales for the upcoming four months are: The amount of cash that will be collected in July is budgeted to be A. $38,000 B. $229, 500 C. $228,000 D. $191, 500
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