Question: What Was All That One in a Million Talk, Inc. is a manufacturer of cross country mopeds. The following information was prepared as part of

 What Was All That One in a Million Talk, Inc. is

What Was All That One in a Million Talk, Inc. is a manufacturer of cross country mopeds. The following information was prepared as part of the master budget: 10% of the company's sales are for cash. The remaining 90% of sales are are made on account. Collections from sales are account are usually as follows: 65% in the first month following the month of sale and 34% in the second month following the month of sale. The remaining 1% is deemed uncollectible. What are the company's total projected receipts from customers in May? $84 , 089.00 $85 , 763.00 $87 , 012.50 $85 , 610.00 $78 , 712.50

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