Business, 27.07.2021 19:10 katiegresham2838
The WRT Corporation makes collections on sales according to the following schedule:
25% in month of sale
65% in month following sale
5% in second month following sale
5% uncollectible
The following sales have been budgeted:
Sales
April $120,000
May $100,000
June $110,000
Budgeted cash collections in June would be:.
a. $27,500.
b. $98,500.
c. $71,000.
d. $115,500.
Answers: 3
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The WRT Corporation makes collections on sales according to the following schedule:
25% in month of...
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