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juin [17]
1 year ago
8

if sales for april, may, and june were $60,000, $80,000, and $70,000, respectively, what were the firm's budgeted collections fo

r may?
Business
1 answer:
xxTIMURxx [149]1 year ago
7 0

We are required to calculate the collection to be made in the month of May.

Based on the credit policy, the collections for the month of May will be as follows:

10% of March Sales - No Information Available

60% of April Sales = 60,000 * .6 = $36,000.

30% of May Sales  = 80,000 * .3 = $24,000.

Therefore, the total collection for May is $60,000 (36,000 + 24,000).

Learn more about this question here brainly.com/question/29451367

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