Essay
Baxter Co.'s projected sales are as follows: 
Baxter estimates that it will collect 30% in the month of sale, 50% in the month after the sale, and 18% in the second month following the sale. Two percent of all sales are estimated to be bad debts.
Instructions
How much are Baxter Co.'s budgeted cash receipts for October?
Correct Answer:
Verified
Correct Answer:
Verified
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