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The ABC Corporation makes collections on sales according to the following schedule: 45% in month of sale 50% in month following sale 5% in second

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The ABC Corporation makes collections on sales according to the following schedule: 45% in month of sale 50% in month following sale 5% in second month following sale The following sales have been budgeted: Sales April May $140,000 $150,000 $140,000 June Budgeted cash collections in June would be: Multiple Choice $145,000

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