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The following credit sales are budgeted by Skysong, Inc.: May $390300 June 574000 July 803600 August 688800 The companys past experience indicates that 70% of
The following credit sales are budgeted by Skysong, Inc.: May $390300 June 574000 July 803600 August 688800 The companys past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale. The anticipated cash inflow for the month of August is $675020. $708544. $642880. $688800.
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