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10 The following information is available for a company. Expected Total Sales $ 10,000 12,000 June July August 15,000 All sales are on credit. Receivables
10 The following information is available for a company. Expected Total Sales $ 10,000 12,000 June July August 15,000 All sales are on credit. Receivables pay 20% in the month of sale; 50% in the month following sale, 25% two months after sale and.5% never pay. What are the expected cash receipts in August? $11,500 $11,750 $11,350 $10,750 2 marks ABCD
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