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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 following sale 4% in

The PDQ Company makes collections on credit sales according to the following schedule: 25% in month of sale 70% in month following sale 4% in second month following sale 1% uncollectible The following sales have been budgeted: Month Sales April $100,000 May 120,000 June 110,000 Cash collections in June would be: $113,400. $110,000. $111,000. $115,500

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