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The BRS Corporation makes collections on sales according to the following schedule: 55% in month of sale 43% in month following sale 2% in second
The BRS Corporation makes collections on sales according to the following schedule:
| 55% in month of sale |
| 43% in month following sale |
| 2% in second month following sale |
The following sales have been budgeted:
| Sales | ||
| April | $ | 170,000 |
| May | $ | 180,000 |
| June | $ | 170,000 |
Budgeted cash collections in June would be:
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Philosophy Of Auditing
Authors: Robert K. Mautz
19th Edition
0865390029, 978-0865390027
