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Alpha company is preparing its cash budget for the month of may. the company estimated credit sales for may at $200,000. actual credit sales for april were $150,000. estimated collections in may for credit sales in may are 20%. estimated collections in may for credit sales in april are 70%. estimated collections in may for credit sales prior to april are $12,000. estimated write-offs in may for uncollectible credit sales are $8,000. estimated provision for bad debts in may for credit sales in may are $7,000. what are the estimated cash receipts from accounts receivable collections in may?
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Alpha company is preparing its cash budget for the month of may. the company estimated credit sales...
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