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wasala18 wasala18
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6 months ago
Majestic Industries Ltd. collects 30% of a month's sales in the month of sale, 50% in the month following sale, and 15% in the second month following sale. The company has found that 5% of their sales are uncollectible. Budgeted sales for the upcoming four months are:

March budgeted sales $310,000
April budgeted sales $280,000
May budgeted sales $330,000
June budgeted sales $285,000

The amount of cash that will be collected in June is budgeted to be

▸ $285,500.

▸ $250,500.

▸ $85,500.

▸ $292,500.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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kinnigitkinnigit
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6 months ago
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wasala18 Author
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6 months ago
Helped a lot
Fleury
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Yesterday
Thank you, thank you, thank you!
54321abs
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2 hours ago
Thanks
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