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What amount of cash collections would appear

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Question - Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects cash sales of $31,000 and $34,500, respectively. It also expects credit sales of $51,000 and $61,000, respectively. The company expects to collect 35% of its credit sales in the month of the sale, 60% the following month, and 5% is deemed uncollectible. What amount of cash collections would appear in the company's cash budget for the second month?

Reference no: EM133177560

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