Question
A company collects 50% of its sales during the month of the sale, 30% one month after the sale, and 20% two months after the
A company collects 50% of its sales during the month of the sale, 30% one month after the sale, and 20% two months after the sale. The company expects sales of $20,000 in august , $30,000 in September, $40,000 in October and $40,000 in November . How much money is expected to be collected in October?
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
