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The BRS Corporation makes collections on sales according to the following schedule: 50% in month of sale 47% in month following sale 3% in second
The BRS Corporation makes collections on sales according to the following schedule:
| 50% in month of sale |
| 47% in month following sale |
| 3% in second month following sale |
The following sales have been budgeted:
| Sales | ||
| April | $ | 200,000 |
| May | $ | 170,000 |
| June | $ | 160,000 |
Budgeted cash collections in June would be:
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Efficient Auditing Of Private Companies A Guide To Audit Planning Implementation And Control
Authors: The Institute Of Chartered Accountants
1st Edition
1841400432, 978-1841400433
