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The following is the cash collection model the company uses for its cash budget:

50% month of sale 40% month after sale 10% 2 months after sale

The composition of the company's accounts receivable account balance of $65,000 on January 1st is as follows:

$42,000 December sales
$23,000 November sales.

Show the budgeted total cash the company will collect in January?

User Jpsmith
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1 Answer

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Answer:

The answer you are looking for is $42,000

User Alex Parker
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