The table below is Rebecca Minkoff's budgeted sales: Rebecca Minkoff estimates that sales are 30%...
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The table below is Rebecca Minkoff's budgeted sales: Rebecca Minkoff estimates that sales are 30% in credit and the remainder in cash. Also, Rebecca Minkoff estimates that 50% of credit sales are collected in the month of sale, 40% of credit sales are collected in the month following the sale, and 8% of credit sales are collected in the second month following the sale. Three requirements: a. Compute the amount of cash that Rebecca Minkoff will collect in June. b. Compute the amount of cash that Rebecca Minkoff will collect in July. c. Compute the amount of cash that Rebecca Minkoff will collect in August. a. Compute the amount of cash that Rebecca Minkoff will collect in June (Do not round intermediate calculations.) b. Compute the amount of cash that Rebecca Minkoff will collect in July (Do not round intermediate calculations.) c. Compute the amount of cash that Rebecca Minkoff will collect in August (Do not round intermediate calculations.)
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The table below is Rebecca Minkoff's budgeted sales: Rebecca Minkoff estimates that sales are 30% in credit and the remainder in cash. Also, Rebecca Minkoff estimates that 50% of credit sales are collected in the month of sale, 40% of credit sales are collected in the month following the sale, and 8% of credit sales are collected in the second month following the sale. Three requirements: a. Compute the amount of cash that Rebecca Minkoff will collect in June. b. Compute the amount of cash that Rebecca Minkoff will collect in July. c. Compute the amount of cash that Rebecca Minkoff will collect in August. a. Compute the amount of cash that Rebecca Minkoff will collect in June (Do not round intermediate calculations.) b. Compute the amount of cash that Rebecca Minkoff will collect in July (Do not round intermediate calculations.) c. Compute the amount of cash that Rebecca Minkoff will collect in August (Do not round intermediate calculations.) 