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3. Cash Forecasting Sandie's Sweaters All sales are on credit: The cash collection pattern is as follows: Cash Collections in the month of sale are

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3. Cash Forecasting Sandie's Sweaters All sales are on credit: The cash collection pattern is as follows: Cash Collections in the month of sale are 50% Cash Collections in the month after the sale are 30% Cash Collections in the second month after the sale are 20%. Required: Calculate the cash collections in May

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