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Fallor Corporation collects 40% of a month's sales in the month of sale, 35% in the month following sale, and 25% in the second month
Fallor Corporation collects 40% of a month's sales in the month of sale, 35% in the month following sale, and 25% in the second month following sale. Budgeted sales for the upcoming five months are: March $50,000 April $45,000 | May $30,000 June $55,000 July $30,000 The amount of cash that will be collected in May is budgeted to be $40,250 $46,250 $42,500 $45,250
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