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Question 10 11 pts Judge Company's budgeted sales for the next five months are given below: January February March April Budgeted Sales $133,000 $237,000 $316,000
Question 10 11 pts Judge Company's budgeted sales for the next five months are given below: January February March April Budgeted Sales $133,000 $237,000 $316,000 $167,000 $249,000 May 20% of Judge Company's sales are cash sales and the other 80% are sales on account. The sales on account are collected in the pattern: 22% collected in the month of sale 35% collected in the month following sale 27% collected in the second month following sale 11% collected in the third month following sale 5% collected four months after the month of sale Calculate Judge Company's budgeted accounts receivable balance at May 31. 262,752
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