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Grape Corporation budgeted sales on account to be $120,000 for July, $211,000 for August, and $198,000 for September. Based on past experience, none of the
Grape Corporation budgeted sales on account to be $120,000 for July, $211,000 for August, and $198,000 for September. Based on past experience, none of the accounts will be collected in the month of sale, 70% will be collected in the month after the sale and 30% in the second month after the sale. Grape's budgeted cash collections for September are: Multiple Choice 0 $207,100 0 $183,700 0 $198,000 $147,300
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