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The Uthred Company, a merchandising firm, has planned the following sales for the next four months: March April May June Total budgeted Sales $50,000 $70,000
The Uthred Company, a merchandising firm, has planned the following sales for the next four months:
March April May June Total budgeted Sales $50,000 $70,000 $90,000 $60,000 Sales are made 40% for cash and 60% on account. From experience, the company has learned that a months sales on account are collected according to the following pattern:
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