Business, 13.08.2021 02:50 annamariaafowyhrq
Jerry Corporation budgeted sales on account of $120,000 for July, $211,000 for August, and $198,000 for September. Experience indicates that none of the sales on account will be collected in the month of the sale, 60% will be collected the month after the sale, 36% in the second month, and 4% will be uncollectible. The cash receipts from accounts receivable that should be budgeted for September would be: a. $169,800
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Jerry Corporation budgeted sales on account of $120,000 for July, $211,000 for August, and $198,000...
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