Seventy percent of Pitkin Corporation's sales are collected in the month of sale, 20% in the month

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Seventy percent of Pitkin Corporation's sales are collected in the month of sale, 20% in the month following sale, and 10% in the second month following sale. The following are budgeted sales data for the company:

	January	February	March	April
Budgeted sales	$200,000	$300,000	$350,000	$250,000

Total budgeted cash collections in April would be:

a. $175,000

b. $275,000

c. $70,000

d. $30,000

Related Book For answer-question

Essentials of Statistics for Business and Economics

ISBN: 978-1305081598

7th edition

Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam

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Posted Date: Mar 25, 2021 08:01 AM

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Seventy percent of Pitkin Corporation's sales are collected in the month of sale, 20% in the month

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Essentials of Statistics for Business and Economics

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