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Business, 30.11.2020 17:40 robert7248

Schedule of Cash Collections: Booth Ltd. makes collections on all sales according to the following schedule: 25% in month of sale
75% in month following sale

The following is a list of budgeted sales for the next four quarters:
1st quarter 2nd quarter 3rd quarter 4th quarter
Budgeted Sales $250,000 $240,000 $260,000 $280,000

Required:
Calculate the budgeted cash collections in the 2nd quarter.

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