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3. DEF Company's forecasted sales are given below. On average, 50% of credit sales are collected in the current quarter, 30% in the next quarter

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3. DEF Company's forecasted sales are given below. On average, 50% of credit sales are collected in the current quarter, 30% in the next quarter and 20% in the quarter after next. What are the expected total cash collections in quarters 3 and 4? Quarter: Cash Sales Sales on Credit 1 15 100 2 24 120 3 18 90 4 14 70

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