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McFarland Company makes 60 percent of its sales in cash Credit sales are collected as follows 60 percent in the month of sale and 40

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McFarland Company makes 60 percent of its sales in cash Credit sales are collected as follows 60 percent in the month of sale and 40 percent in the month following the sale McFarland's budgeted sales for upcoming months follow June July August September 5.24,100 41,00 39, een 37.000 Required: Compute McFarland's expected cash receipts for August Budgeted Cath Rocuits s 13,520 3

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