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Sevenbergen Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations:

Sevenbergen Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations:\(30\%\) in the month of purchase \(70\%\) in the following month The ending finished goods inventory should equal \(20\%\) of the following month's sales. The ending raw materials inventory should equal \(30\%\) of the following month's raw materials production needs. the expected cash collections for august is closest to

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