Budgeted sales for the upcoming four months are

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Warehouse Corporation collects 30% of a month's sales in the month of sale, 65% in the month following sale, and 5% in the second month following sale.  Budgeted sales for the upcoming four months are:

April budgeted sales

 $107681

May budgeted sales

 $155200

June budgeted sales

 $221447

July budgeted sales

 $170838

The amount of cash that will be collected in July is budgeted to be:

Reference no: EM131792851

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