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PLEASE ANSWER PLEASE HELP!!!!!! Blue incorporated has forecast sales to be $428,000 in February, $558,000 in March, $598,000 in April, and $638,000 in May. The
PLEASE ANSWER PLEASE HELP!!!!!!
Blue incorporated has forecast sales to be $428,000 in February, $558,000 in March, $598,000 in April, and $638,000 in May. The average cost of goods sold is 60% of sales. All sales are made on credit and sales are collected 50% in the month of sale, 30% the month following, and the remainder two months after the sale. What are budgeted cash receipts in May? Multiple Choice $610000 5638,000 $319.000 $610,000 $638.000 $319.000 $498,030 Step by Step Solution
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