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Business, 17.08.2021 17:10 annyarias5209

Item12 Item 12 Ballentine Company expects sales for June, July, and August of $48,000, $54,000, and $44,000, respectively. Experience suggests that 40% of sales are for cash and 60% are on credit. The company collects 50% of its credit sales in the month following sale, 45% in the second month following sale, and 5% are not collected. What are the company's expected cash receipts for August from its current and past sales

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Item12 Item 12 Ballentine Company expects sales for June, July, and August of $48,000, $54,000, and...
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