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The PDQ Company Makes Collections on Credit Sales According to the Following

Question 3

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The PDQ Company makes collections on credit sales according to the following schedule:
The PDQ Company makes collections on credit sales according to the following schedule:    25% in month of sale 70% in month following sale 4% in second month following sale 1% uncollectible The following sales have been budgeted: What would be the cash collections in June? A)  $110,000. B)  $111,500. C)  $113,400. D)  $115,500.
25% in month of sale
70% in month following sale
4% in second month following sale
1% uncollectible
The following sales have been budgeted:
What would be the cash collections in June?


A) $110,000.
B) $111,500.
C) $113,400.
D) $115,500.

Correct Answer:

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