Warehouse Corporation collects 30% of a month's sales in the month of sale, 65% in the month following sale, and 5% in the second month following sale. Budgeted sales for the upcoming four months are:
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April budgeted sales
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$107681
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May budgeted sales
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$155200
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June budgeted sales
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$221447
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July budgeted sales
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$170838
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The amount of cash that will be collected in July is budgeted to be: