Pina Company estimates that sales revenue will be $72000 during July, $62000 for June, and $77200 for May In the past, the company collected 63% of its receivables in the month of sale, 30% in the month following the sale, and 7% in the second month following the sale. How much are the budgeted collections from customers for the month of July? $69364 $45360 O $72000 $62000

Pina Company estimates that sales revenue will be $72000 during July, $62000 for June, and $77200 for May In the past, the company collected 63% of its receivables in the month of sale, 30% in the month following the sale, and 7% in the second month following the sale. How much are the budgeted collections from customers for the month of July? $69364 $45360 O $72000 $62000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 10EB: My Aunts Closet Store collects 60% of its accounts receivable in the month of sale and 35% in the...

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