All of porter corporation's sales are on account. sixty percent of the credit sales are collected in the month of sale, 25% in the month following sale, and 10% in the second month following sale. the remainder are uncollectible. the following are budgeted sales data for the company:
january - february - march - april - total sales
$400,000 - $600,000 - $500,000 - $700,000
cash receipts in april are expected to be:
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All of porter corporation's sales are on account. sixty percent of the credit sales are collected in...
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