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Business, 16.10.2019 06:00 angellight4all

Ross corporation makes all sales on account. the june 30th balance sheet balance in its accounts receivable is $400,000, of which $240,000 pertain to sales that were made during june. budgeted sales for july are $1,250,000. ross collects 70% of sales in the month of sale; 20% in the following month; and the final 10% in the second month after the sale. what are ross's budgeted collections for july?

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