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U Question 26 10 pts Engine Corp. has provided the following details concerning budgeted sales: Month January February March Budgeted Sales $75,000 $69.000 $80,000 All
U Question 26 10 pts Engine Corp. has provided the following details concerning budgeted sales: Month January February March Budgeted Sales $75,000 $69.000 $80,000 All sales are made on account. The collection policy of the company is to collect 20% in the month of sale, 40% in the following month, and remaining 40% in the second month after the month of sale. November actual sales were $85,000 and December actual sales were $90,000 Required: Calculate Engine Corp's total cash receipts for each month and total for the first quarter (January, February and March) Show your work and clearly label your final answers. No calculations - No credit. Edit Format Table 12pt Paragraph :
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