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What Was All That One in a Million Talk, Inc. is a manufacturer of cross country mopeds. The following information was prepared as part of
What Was All That One in a Million Talk, Inc. is a manufacturer of cross country mopeds. The following information was prepared as part of the master budget: All sales are made on account. Collections are usually as follows: 60% in the month of sale and 38% in the month following the month of sale. The remaining 2% is deemed uncollectible. What are the company's projected receipts from customers in May? $169,880 $163,440 $162,680 $166,740 $167,240
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