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USE ONLY THE FOLLOWING INFORMATION TO ANSWER THIS QUESTION. DO NOT USE ANY INFORMATION FROM ABOVE. Gamble Company has the following sales budget for the
USE ONLY THE FOLLOWING INFORMATION TO ANSWER THIS QUESTION. DO NOT USE ANY INFORMATION FROM ABOVE. Gamble Company has the following sales budget for the last six months: January 21,616 April February 23,616 May March 15,616 June 19,116 26,616 14,116 Historically, the cash collection of sales has been as follows: The % of sales collected in the month of sale is The % of sales collected in the month following the sale is The % of sales collected in the second month following the sale is The % of sales that are uncollectible 50% 30% 15% 5% 4) What are the budgeted Cash collections for the month of May
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