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please explain how you got your answer QUESTION 3 Not complete Points out of 2.00 Flag question Budgeting Cash Collections Spencer Consulting, which invoices its
please explain how you got your answer
QUESTION 3 Not complete Points out of 2.00 Flag question Budgeting Cash Collections Spencer Consulting, which invoices its clients on terms 2/10, n/3 respectivel (percentages are of total monthly credit sales): 0, had credit sales for May and june of $70,000 and $80,000, ly. Analysis of Spencer's operations indicates that the pattern of customers' payments on account is as follows Beyond Discount Period Totals 20% 70% 1096 2596 1 Receiving Discount 5096 In month of sale In month of following sale . Uncollectible accounts, returns, and allowances 15% 5% 100% Determine the estimated cash collected on customers' accounts in June. $ 0 Check Next pageStep by Step Solution
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