Parlee companys sales are 30 in cash and 70 on credit sixty

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Parlee Company's sales are 30% in cash and 70% on credit. Sixty % of the credit sales are collected in the month of sale, 25% in the month following sale, and 12% in the second month following sale. The remainder are uncollectible. The following are budgeted sales data:

Total sales....January $60,000...February $70,000...March $50,000....April $30,000

Reference no: EM13608932

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