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What were the firm budgeted collections for december

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Reference no: EM132638520

Question 1: ABC Ltd. makes all sales on account, subject to the following collection pattern: 20% are collected in the month of sale; 50% are collected in the first month after sale; and 30% are collected in the second month after sale. If sales for October, November, and December were $50,000, $70,000, and $60,000, respectively, what were the firm's budgeted collections for December?

Reference no: EM132638520

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