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Explain how you solved. Berkner Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash
Explain how you solved. Berkner Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Berkner Corporation has experienced the following collection pattern: 25% received in the month of the sale 50% received in the month and the sale 16% received two months after the sale 9% of the credit sales are never received nth aftel tthe sale Berkner Corporation Cash Collections Budget For the Months of January through March
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