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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
Sharon Corporation collects 15% in the second month following sale, 45% in the month following sale and 35% of a month's sales in the month of sale. The company has found that 5% of their sales are uncollectible. Budgeted sales for the upcoming four months are:

August budgeted sales   $300,000
September budgeted sales   $280,000
October budgeted sales   $330,000
November budgeted sales   $260,000

The amount of cash that will be collected in November is budgeted to be
A) $91,000.
B) $281,500.
C) $285,500.
D) $286,500.
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Managerial Accounting

Managerial Accounting


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nucleinuclei
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8 years ago
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