(Answered) Question - abc companys projected sales are as

Accounting

Question - ABC Company's projected sales are as follows:

August $470,000

September $540,000

October $660,000

ABC estimates that it will collect 30% in the month of sale, 50% in the month after sale, and 20% in the second month following sale.

How much are ABC Company's budgeted cash receipts for October?

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