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    Estimate cash receipts for May

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    Brown Company has found that 30% of its sales are collected in the month of the sale and the remainder of the sales is collected in the next month.

    If sales are expected to be $100,000 in April, $120,000 in May, and $80,000 in June, what is the estimated amount of cash receipts for May.

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    https://brainmass.com/business/accounting/estimate-cash-receipts-for-may-261832

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    Brown Company has found that 30% of its sales are collected in the month of the sale and the remainder ...

    Solution Summary

    Response provides the steps to compute estimate cash receipts for May

    $2.19

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