Question: Question 5 (4 points) Ch. 8- The Rand Corporation makes collections on sales according to the following schedule: 50% in month of sale 47%

Question 5 (4 points) Ch. 8- The Rand Corporation makes collections on sales according to the following schedule: 50% in month of sale 47% in month following sale 3% in second month following sale The following sales have been budgeted: April May June Sales $ 170,000 $ 190,000 180,000 Budgeted cash collections in June would be: A) $179,300 C) $184,400 D) $180,000 B) $180,510

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