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Seventy percent of Pitkin Corporation's sales are collected in the month of sale, 20% in the month ...

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Seventy percent of Pitkin Corporation's sales are collected in the month of sale, 20% in the month ...

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:

	January			February		March		April
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

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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