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Budget for cash collections in june

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Reference no: EM133216286

The PDQ Company makes collections on credit sales according to the following schedule:

25% in month of sale
70% in month following sale
4% in second month following sale
1% uncollectible

The following sales have been budgeted:

Month

Sales

April

$100,000

May

120,000

June

110,000

The budget for cash collections in June will be

Reference no: EM133216286

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