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The PDQ Company makes collections on credit sales according to the following schedule: 25% in month of sale 70% in month folowing sale 4% in

The PDQ Company makes collections on credit sales according to the following schedule: 25% in month of sale 70% in month folowing sale 4% in second month following sale 1% uncollectible The following sales have been budgeted: April...$100,000 May...$120,000 June...$110,000 Cash collections in June would be

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