The LaGrange Corporation had the following budgeted sales for the first haif of the current...
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Accounting
The LaGrange Corporation had the following budgeted sales for the first haif of the current year: The company is in the process of peepering a cash budget and must determine the expected cash collectors by month. To this end, the following information has been assembied: Collections on seles: 50% in month of saje 25% in month following sale 25 in recond month following sale 527.000 represonts uncollected November salet. The tintal enth eolected duting Jamuary by LaCrange Corporation would be: Multiple Choice 5273000 $235,000 $92.000 $341000
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