Flanders Industries collects 35% of its sales on account in the month of the sale, and 65%

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Flanders Industries collects 35% of its sales on account in the month of the sale, and 65% in the month following the sale. Sales on account are budgeted to be $175k for May and $225k for June. What are the budgeted cash receipts from credit sales in June.

Posted Date: May 19, 2024 01:10 AM

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Flanders Industries collects 35% of its sales on account in the month of the sale, and 65%

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