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Riverside Corporation collects 35% of a month's sales in the month of sale, 45% in the month following sale, and 20% in the second month

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Riverside Corporation collects 35% of a month's sales in the month of sale, 45% in the month following sale, and 20% in the second month following sale. Budgeted sales for the upcoming four months are: The amount of cash that will be collected in July is budgeted to be A. $209.000 B. $63.000 C. 5212,000 D. $149,000

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