The Apple Corporation makes collections on sales according to the following schedule: 60% in month...
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Accounting
The Apple Corporation makes collections on sales according to the following schedule: 60% in month of sale 37% in month following sale 3% in second month following sale The following sales have been budgeted: Sales April $ 160,000 May $ 170,000 June $ 160,000 Budgeted cash collections in June would be:
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