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Business, 12.12.2019 04:31 EMQPWE

The model company is to begin operations in april. it has budgeted april sales of $46,000, may sales of $50,000, june sales of $56,000, july sales of $58,000, and august sales of $54,000. note that 10% of each month's sales is expected to represent cash sales; 75% of the balance is expected to be collected in the month following the sale, 17% the second month, 6% the third month, and the balance is expected to be uncollectible.

what is the amount of cash to be collected in the month of july?

multiple choice

$48,082.

$53,734.

$59,000.

$53,110.

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Answers: 2

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The model company is to begin operations in april. it has budgeted april sales of $46,000, may sales...

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