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Dayton Has Forecast Sales to Be $205,000 in February,$270,000 in March,$290,000

question 44

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Dayton has forecast sales to be $205,000 in February,$270,000 in March,$290,000 in April,and $310,000 in May.The average cost of goods sold is 60% of sales.All sales are made on credit and sales are collected 50% in the month of sale,30% the month following and the remainder two months after the sale.What are budgeted cash receipts in May?

Appreciate the historical influence of Freudian psychoanalysis and behaviorism on psychology.
Identify key figures and their contributions to the development of social psychology.
Recognize the importance of group dynamics on individual performance and effort.
Comprehend the necessity of Institutional Review Board (IRB) approval for conducting psychological research.

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