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Gap company sells a product for $35. Budgeted sales for the first few months of 2022 are as follows: Jan $600,000 Feb 500,000 Mar 900,000
Gap company sells a product for $35. Budgeted sales for the first few months of 2022 are as follows:
Jan $600,000
Feb 500,000
Mar 900,000
April 735,000
The company typically collects 70% in the month of sale and 28% in the folllowing month. The remaining 2% is not collected.
Required plz calculate all parts I will upvote if correct.
a)Calculate budgeted cash receipts for March
b) Calculate budgeted cash receipts for Feb.
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