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The WRT Corporation makes collections on sales according to the following schedule: 25% in month of sale 65% in month following sale 5% in second
The WRT Corporation makes collections on sales according to the following schedule: 25% in month of sale 65% in month following sale 5% in second month following tale 5% uncollectible The following sales have been brudgeted: April May June Sales $100,000 $110,000 $120,000 Budgeted cash collections in June would be: 98,500 114,000 106,500 71,000
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