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XYZ Company has budgeted sales for the next six months as follows: 2 0 % of the company's sales are cash sales and 8 0
XYZ Company has budgeted sales for the next six months
as follows:
of the company's sales are cash sales and of the
company's sales are made on account. On average, of
the sales on account are collected in the month of sale,
is collected in the month following sale, is
collected in the second month following sale, and the
remaining is collected three months after the month
of sale.
XYZ Company's budgeted accounts receivable at August
totaled $
Calculate XYZ Company's budgeted sales in August.
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