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  3. shown below are the budgeted sales for tim company

Shown below are the budgeted sales for Tim Company for the next seven...

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Accounting

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Shown below are the budgeted sales for Tim Company for the next seven months: All sales are made on account. On average, Tim Company collects 17% of its sales in the month of sale, 28% is collected in the month following sale, 36% is collected in the second month following sale, and the remaining 19% is collected three months after the month of sale. Calculate Tim Company's budgeted accounts receivable at August 31

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