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Accounting
Please answer this whole question clearly. Please ensure that your answers are explained & correct. Thank you
Potenza Tire Corporation has prepared the following sales budget: Credit sales collections related details are as follows: - 60% in the month of sale. - 25% in the month following the sale. - 12% two months following the sale. - Remaining 3% is expected to be uncollectible. Required: Calculate the total cash collection for April and the total cash collection for May
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