What would be the cash collections in june, Accounting Basics

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What would be the cash collections in june

The PDQ Company makes collections on credit sales according to the following schedule:
25% in month of sale
70% in month following sale
4% in second month following sale
1% uncollectible

The following sales have been budgeted:
Month Sales
April $100,000
May 120,000
June 110,000

what would be the Cash collections in June ?

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Accounting Basics: What would be the cash collections in june

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Accounting Basics: What would be the cash collections in june

Reference No:- TGS070018

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Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What would be the cash collections in june

Reference No:- TGS070018

Recent Questions Asked Accounting Basics

Q : Rate of economic growth

Q : What is the value of the multiplier

Q : Equilibrium wage rate and quantity of labor

Q : What is a rhetorical shift, and what are two examples

Q : What would be the cash collections in june

Q : Compute the velocity of money

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Q : How many units must be produced during the month

Q : What is the intrinsic price per share or worth of one share

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