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Acompany's past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, and 5% in the second month after the sale; the remainder is never collected. budgeted credit sales were: january $440,000 february 296,000 march 620,000
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Acompany's past experience indicates that 60% of its credit sales are collected in the month of sale...
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