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Johnson Company has the following sales budget:

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Johnson Company has the following sales budget;Month Cash Sales Credit Sales;February $14,000 $28,000;March 12,800 29,200;April 10,800 26,400;Collections of credit sales are 40% in the month of sale, 50% in the month after sale and 10% two months after sale. No uncollectible accounts are expected.;Required;Prepare a schedule of cash collections for April.

 

Paper#75029 | Written in 18-Jul-2015

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