Business, 25.03.2020 05:41 jahnoibenjamin

17. Flanders Industries collects 35% of its sales on account in the month of the sale and 65% in the month following the sale. If sales on account are budgeted to be $175,000 for May and $225,000 for June, what are the budgeted cash receipts from sales on account for June?

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17. Flanders Industries collects 35% of its sales on account in the month of the sale and 65% in the...

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