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Business, 07.04.2020 19:35 berniceallonce22

During the first and second months it expects credit sales of $42,000 and $68,000, respectively. The company expects to collect 60% of its credit sales in the month of the sale, 35% in the following month, and 5% is deemed uncollectible. What amount of cash collections from credit sales would the company include in its cash budget for the second month

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During the first and second months it expects credit sales of $42,000 and $68,000, respectively. The...
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