What were the firms budgeted collections

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Quattro began operations in April of this year. It 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 April, May, and June were $50,000, $70,000, and $60,000, respectively, what were the firm's budgeted collections for June?

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Reference no: EM13775746

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