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The BRS Corporation makes collections on sales according to the following schedule: 45% in month of sale 50% in month following sale 5% in second
The BRS 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 $ 160,000
May $ 180,000
June $ 170,000
Budgeted cash collections in June would be:
Multiple Choice
$170,800
$166,500
$170,000
$174,500
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