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Using the following information, what is the projected dollar amount of credit sales for the month of June? Desired ending inventory 10% of the next
Using the following information, what is the projected dollar amount of credit sales for the month of June? Desired ending inventory 10% of the next month's sales April Sales (units) 1,500 May Sales (units) 2,000 June Sales (units) 3,000 July Sales (units) 4,000 Selling Price $10 Credit Sales 25% Cash Sales 75% Credit Sale Cash Collection in Month 50% of Credit Sale Credit Sale Cash Collection in Month 50% Following Credit Sale
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