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The WRT Corporation Makes Collections on Sales According to the Following

Question 164

Multiple Choice

The WRT Corporation makes collections on sales according to the following schedule: 25% in month of sale
65% in month following sale
5% in second month following sale
5% uncollectible
The following sales have been budgeted: The WRT Corporation makes collections on sales according to the following schedule: 25% in month of sale 65% in month following sale 5% in second month following sale 5% uncollectible The following sales have been budgeted: Budgeted cash collections in June would be: A) $27,500 B) $98,500 C) $71,000 D) $115,500 Budgeted cash collections in June would be:


A) $27,500
B) $98,500
C) $71,000
D) $115,500

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