Eastern Corporation collects 45% in the second month following sale, 40% in the month following...
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Accounting
Eastern Corporation collects 45% in the second month following sale, 40% in the month following sale and 15% of a month's sales in the month of sale. Budgeted sales for the upcoming four months are: April budgeted sales $ 60,000. May budgeted sales. $180,000 June budgeted sales $250,000. July budgeted sales $220,000. The amount of cash that will be collected in July is budgeted to be.
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