Refer to the Grippers cash collections from customers budget that
Refer to the Grippers cash collections from customers budget that you prepared in Short Exercise S22- 17. Now assume that Grippers’ sales are collected as follows:
60% in the month of the sale
30% in the month after the sale
8% two months after the sale
2% never collected
Prepare a revised schedule for the budgeted cash receipts for January and February.

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