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Eastern Corporation collects 45% in the second month following sale, 40% in the month following sale and 15% of a month's sales in the month
Eastern Corporation collects 45% in the second month following sale, 40% in the month following sale and 15% of a month's sales in the month of sale. Budgeted sales for the upcoming four months are: April budgeted sales May budgeted sales June budgeted sales July budgeted sales $50,000 $110,000 $300,000 $190,000 The amount of cash that will be collected in July is budgeted to be O A. $198,000 O B. $222,000 OC. $28,500 OD. $169,500
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