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A company has the following sales budget for the first

Question - A Company has the following sales budget for the first three months of the current year:

Month Sales Revenue

January $600,000

February 150,000

March 440,000

65 percent in month of sale
25 percent in month following sale
8 percent in second month following sale
2 percent uncollectible

November and December sales were $100,000 and $200,000, respectively.

What is budgeted cash collections from sales for February?

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Accounting Basics: A company has the following sales budget for the first

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