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Business, 12.03.2020 01:57 nene3210204
The Model Company is to begin operations in April. It has budgeted April sales of $62,000, May sales of $66,000, June sales of $72,000, July sales of $74,000, and August sales of $70,000. 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?
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The Model Company is to begin operations in April. It has budgeted April sales of $62,000, May sales...
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