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The PDQ Company makes collections on credit sales according to the following schedule: 40% in month of sale 60% in month following sale The following

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The PDQ Company makes collections on credit sales according to the following schedule: 40% in month of sale 60% in month following sale The following sales have been budgeted: Month Sales April.... $100,000 May. $120,000 June $110,000 Cash collections in May would be

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