Question: Help Save & Exit Submit 1 Fox Trall Center's sales are all made on account. The firm's collection experience has been that 31% of a
Help Save & Exit Submit 1 Fox Trall Center's sales are all made on account. The firm's collection experience has been that 31% of a month's sales are collected in the month the sale is made. 47% are collected in the month following the sale, and 20% are collected in the second month following the sale. The sales forecast for the months of May through August is as follows % 0292 May June July August 9200.000 206,000 906,000 363.000 Required: Calculate the cash collections that would be included in the cash budgets for July and August Cash collections July August NEN Ms GEW
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