Boise Boots prepared the following sales budget: Credit collections are 20% two months following the...
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Boise Boots prepared the following sales budget: Credit collections are 20% two months following the sale, 65% in the month following the sale, and 10% in the month of sale. The remaining 5% is expected to be uncollectible. What are the total cash collections in June at Boise Boots? A. $104,000 B. $36,150 C. $32,950 D. $85,950
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