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5. Assume that a company has the following accounts receivable collection pattern: Month of sale Month of following sale 30% 70% All sales are made
5. Assume that a company has the following accounts receivable collection pattern: Month of sale Month of following sale 30% 70% All sales are made on credit. If credit sales for October and November are $200,000 and $150,000, respectively, the cash collections expected for November would be
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