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Riverside Corporation colects 30% of a month's sales in the month of sate 60% in the month following sale, and 10% in the second month
Riverside Corporation colects 30% of a month's sales in the month of sate 60% in the month following sale, and 10% in the second month following sale. Budgeted sales for the upcoming four months are April budgeted sales $140.000 May budgeted sales $150.000 June budgeted sales $270.000 July budgeted sales $190.000 The amount of cash that will be collected in July is budgeted to be A $57.000 OB $177.000 OG $226.000 OD $234.000
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