Business, 05.08.2019 17:20 rainyfallaw

The 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 the 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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The ballentine company expects sales for june, july, and august of $48,000, $54,000, and $44,000, re...

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