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Pina Colada Co.'s projected sales are as follows: August $325,000 September $475,000 October $630,000 Pina Colada estimates that it will collect 30% in the month
Pina Colada Co.'s projected sales are as follows: August $325,000 September $475,000 October $630,000 Pina Colada estimates that it will collect 30% in the month of sale, 50% in the month after the sale, and 18% in the second month following the sale. Two percent of all sales are estimated to be bad debts. What are Pina Colada Co's budgeted cash receipts for October? Budgeted Cash Receipts eTextbook and Media
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