Solved: Abc estimates that it will collect 30 in the month of sale, Accounting Basics

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Abc estimates that it will collect 30 in the month of sale

Question - ABC Company's projected sales are as follows:

August $470,000

September $540,000

October $660,000

ABC estimates that it will collect 30% in the month of sale, 50% in the month after sale, and 20% in the second month following sale.

How much are ABC Company's budgeted cash receipts for October?

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Accounting Basics: Abc estimates that it will collect 30 in the month of sale

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Accounting Basics: Abc estimates that it will collect 30 in the month of sale

Reference No:- TGS02863126

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