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help please rbor Company has forecast sales to be $404,000 in May, $479,000 in June, $579,000 in July and $704,000 in August. Assume that 40%
help please
rbor Company has forecast sales to be $404,000 in May, $479,000 in June, $579,000 in July and $704,000 in August. Assume that 40% of ales are made in cash, and the remainder is on credit. Credit sales are collected 60% in the month of sale, and remainder in the following nonth. What are the budgeted cash receipts for July? Multiple Choice $231,700 $336,000 $462,000 $555,000Step by Step Solution
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