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The Following Sales Budget Has Been Prepared: Collections of Credit

Question 88

Multiple Choice

The following sales budget has been prepared: The following sales budget has been prepared: Collections of credit sales are 50% in the month of sale,40% in the month following sale,and 10% two months following sale.No uncollectible accounts are expected.What are the estimated cash collections in September from September sales? A) $100,000 B) $200,000 C) $272,000 D) $300,000 Collections of credit sales are 50% in the month of sale,40% in the month following sale,and 10% two months following sale.No uncollectible accounts are expected.What are the estimated cash collections in September from September sales?


A) $100,000
B) $200,000
C) $272,000
D) $300,000

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