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Williams Pharmacy Inc. has the following sales budget for the first two quarters of next year: January $250,000 February $200,000 March $230,000 April $220,000 May
Williams Pharmacy Inc. has the following sales budget for the first two quarters of next year: January $250,000 February $200,000 March $230,000 April $220,000 May $245,000 $198,000 June Cash collections have been determined to follow the pattern below: 60 percent of sales collected in month of sales 25 percent of sales collected in one month after sale 12 percent of sales collected two months after sale 3 percent of sales is un-collectible Determine the budgeted cash collection in March. Select one: a. $215,000 O b. $221,000 O c. $220,000 O d. $218,000 Williams Pharmacy Inc. has the following sales budget for the first two quarters of next year: January February March $250,000 $200,000 $230,000 $220,000 $245,000 $198,000 April May June Cash collections have been determined to follow the pattern below: 60 percent of sales collected in month of sales 25 percent of sales collected in one month after sale 12 percent of sales collected two months after sale 3 percent of sales is un-collectible Determine the budgeted cash collection in April. Select one: O a. $215,500 O b. $213,500 O c. $214,500 d. $213.000
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