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Juju Company sells fidget spinners. At the beginning of Quarter 1, Juju Company's Accounts Receivable balance was $30,000. In Quarter 1, Juju expects to sell
Juju Company sells fidget spinners. At the beginning of Quarter 1, Juju Company's Accounts Receivable balance was $30,000. In Quarter 1, Juju expects to sell 15,000 units at $21 per unit. All Juju's sales are on credit with 40% collected in the quarter of the sale, and 60% in the quarter after the sale. What is the amount of Juju's budgeted cash collections for Quarter 1? O $126,000 $315,000 O $30,000 O $156,000
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