The PDQ Company makes collections on credit sales according to the following schedule: 25% in the...

  

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The PDQ Company makes collections on credit sales according to the following schedule: 25% in the month of the sale 70% in the month following the sale 4% in the second month following the sale 1% uncollectible PDQ has given us the following budgeted sales: MONTH SALES April $100,000 May $120,000 June $110,000 Calculate the total amount of cash that should be collected in June: The PDQ Company makes collections on credit sales according to the following schedule: 25% in the month of the sale 70% in the month following the sale 4% in the second month following the sale 1% uncollectible PDQ has given us the following budgeted sales: MONTH SALES April $100,000 May $120,000 June $110,000 Calculate the total amount of cash that should be collected in June:

Answer rating: 100% (QA)

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