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Business, 17.12.2019 05:31 34267

Budgeted sales in acer corporation over the next four months are given below: september october november december budgeted sales $140,000 $150,000 $170,000 $130,000twenty-five percent of the company's sales are for cash and 75% are on account. collections for sales on account follow a stable pattern as follows: 50% of a month's credit sales are collected in the month of sale, 30% are collected in the month following sale, and 15% are collected in the second month following sale. the remainder are uncollectible. given these data, cash collections for december should be: $119,500 $98,125 $136,375 $103,875

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