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make a chart please. Southeast Products sells exercise mats and has the following budgeted sales for the third quarter: Company history indicates that 75% of
make a chart please.
Southeast Products sells exercise mats and has the following budgeted sales for the third quarter: Company history indicates that 75% of sales are collected in the month of sale, 20% are collected the month following the sale, and the remaining 5% are collected in the second month following the sale: Ignoring bad debts, how much cash should be budgeted to be collected in August, assuming May sales were $1,150,000 and June sales were $1,000,000 ? Please set up a clearly labeled budget column for August Step by Step Solution
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