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The Smith Corporation makes collections on sales according to the following schedule: 30% in month of sale 60% in month following sale 10% in second

The Smith Corporation makes collections on sales according to the following schedule: 30% in month of sale 60% in month following sale 10% in second month following sale The following sales have been budgeted: Sales April $140,000 May $130,000 June $150,000 Budgeted cash collections in June would be: O $85.000 $45,000 O $137,000 $123,000

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