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The PDQ Company makes collections on credit sales according to the following schedule: 20% in month of sale 75% in month following sale 5% uncollectible

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The PDQ Company makes collections on credit sales according to the following schedule: 20% in month of sale 75% in month following sale 5% uncollectible The following sales have been budgeted: Month Sales April... S100.000 May S120,000 June S110,000 Cash collections in May would be

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