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Avril Company makes collections on sales according to the following schedule: ...

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Question

Accounting

Avril Company makes collections on sales according to the following schedule:
30% in the month of sale
60% in the month following sale
8% in the second month following sale The following sales are expected:
Expected Sales
January
$134,400
February
$145,000
March
$162,400
What should be the budgeted cash collections in March?
Question 3Answer
a.
$135,720
b.
$146,472
c.
$48,720
d.
$59,472

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