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Karo Co.'s projected sales are as follows: Karo estimates that it will collect 30% in the month of sale, 50% in the mont sale, and
Karo Co.'s projected sales are as follows: Karo estimates that it will collect 30% in the month of sale, 50% in the mont sale, and 18% in the second month following the sale. Two percent of all sale estimated to be bad debts. Instructions How much are Karo Co.'s budgeted cash receipts for October
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