On October 1 of the current year, Molloy Corporation prepared a cash budget for October, November, and

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On October 1 of the current year, Molloy Corporation prepared a cash budget for October, November, and December. All of Molly's sales are made on account. The following information was used in preparing estimated cash collections: August sales (actual) September sales (actual) October sales (estimated) November sales (estimated) December sales (estimated) S 40.000 50.000 $ 20.000 S 70.000 $ 60.000 Approximately 60% of all sales are collected in the month of the sale and 40% is collected in the following month Budgeted collections from customers in October total: O $110.000 O $32.000 O $39.000 O $27.000

Posted Date: Jun 23, 2024 06:01 AM

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On October 1 of the current year, Molloy Corporation prepared a cash budget for October, November, and

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