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    Accounting: Cash budget.

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    Robot Company sells a product for $35. Budgeted sales for the first quarter of 2010 are as follows:
    January $600,000
    February 300,000
    March 900,000

    The Company collects 70% in the month of sale and 25% in the following month. 5% of all sales are uncollectible and are written off.

    What are the budgeted cash collections for March 2010?

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    Solution Summary

    The problem deals with estimating the cash budget from provided information.