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Budgeting Cash. Whitneys, Inc., sells on terms of 5% discount for cash and carry or...

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Accounting

Budgeting Cash. Whitneys, Inc., sells on terms of 5% discount for cash and carry or 2/10, n/30 and estimates its total sales for the second calendar quarter of next year as follows: April, $300,000; May, $240,000; and June, $360,000. An analysis of operations indicates the following customer collection patterns:

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