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The Khaki Corporation Has the Following Budgeted Sales Data

Question 134

Multiple Choice

The Khaki Corporation has the following budgeted sales data: The Khaki Corporation has the following budgeted sales data: The regular pattern of collection of credit sales is 40% in the month of sale, 50% in the month following sale, and the remainder in the second month following the month of sale. There are no bad debts. The budgeted cash receipts for April would be: A) $350,000 B) $320,000 C) $313,000 D) $383,000 The regular pattern of collection of credit sales is 40% in the month of sale, 50% in the month following sale, and the remainder in the second month following the month of sale. There are no bad debts. The budgeted cash receipts for April would be:


A) $350,000
B) $320,000
C) $313,000
D) $383,000

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