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NZ Corporation collects 30% in the second month following sale, 60% in the month following sale and 10% of a month's sales in the month
NZ Corporation collects 30% in the second month following sale, 60% in the month following sale and 10% of a month's sales in the month of sale. Budgeted sales for the upcoming four months are: April budgeted sales $90,000 May budgeted sales $140,000 June budgeted sales $230,000 July budgeted sales $200,000 The amount of cash that will be collected in July is budgeted to be O A. $20,000 OB. $212,000 OC. $180,000 OD. $200,000
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