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Other Fields Homework Help Accounting Topic started by: jscubs1 on Apr 23, 2023



Title: Seventy percent of Pitkin Corporation's sales are collected in the month of sale, 20% in the month ...
Post by: jscubs1 on Apr 23, 2023

Seventy percent of Pitkin Corporation's sales are collected in the month of sale, 20% in the month following sale, and 10% in the second month following sale. The following are budgeted sales data for the company:

JanuaryFebruaryMarchApril
Budgeted sales$200,000$300,000$350,000$250,000

Total budgeted cash collections in April would be:



▸ $175,000

▸ $275,000

▸ $70,000

▸ $30,000


Title: Re: Seventy percent of Pitkin Corporation's sales are collected in the month of sale, 20% in the month ...
Post by: hhorton on Apr 23, 2023
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