Brooklyn Studio's sales are all made on account. The firm's collection experience has been that...
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Brooklyn Studio's sales are all made on account. The firm's collection experience has been that 28% of a nonth's sales are collected in the month the sale is made, 51% are collected in the month following the ale, and 19% are collected in the second month following the sale. The sales forecast for the months of jeptember through December is as follows: Required: Calculate the cash collections that would be included in the cash budgets for November and December
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