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The WRT Corporation makes collections on sales according to the following schedule: 25% in month of sale 70% in month following sale 5% in second
The WRT Corporation makes collections on sales according to the following schedule: 25% in month of sale 70% in month following sale 5% in second month following sale The following sales have been are expected: April May June Expected Sales $120,000 $140,000 $130,000 Budgeted cash collections in June should be budgeted to be: $130,600 $130,500 $130,000 $136,500
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