Boise Boots prepared the following sales budget: Credit collections are 5% two months following the...
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Boise Boots prepared the following sales budget: Credit collections are 5% two months following the sale, 43% in the month following the sale, and 50% in the month of sale. The remaining 2% is expected to be uncollectible. What are the total cash collections in June at Boise Boots? A. $102,420 B. $45420 C. $108,000 D. $31,470
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