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Business, 08.11.2019 21:31 lazyboy010406

The model company is to begin operations in april. it has budgeted april sales of $30,000, may sales of $34,000, june sales of $40,000, july sales of $42,000, and august sales of $38,000. note that 10% of each month's sales will represent cash sales; 75% of the balance will be collected in the month following the sale, 17% the second month, 6% the third month, and the balance is bad debts. what is the amount of cash to be collected in the month of july?

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The model company is to begin operations in april. it has budgeted april sales of $30,000, may sales...

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