QUESTION 24 The firm makes all sales on account and the collection pattern 56% in the...

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Answer 1

Answer #1

Total budgeted collection in August

$ 139,219.16 or $139,219

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Collection in august
56% of credit sales of august	$ 78,057.84
44% of Credit sales of July	$ 61,161.32
Total budgeted collection in August	$ 139,219.16

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Answer 2

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