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A company collects 60% of its sales during the month of the sale, 30% one month after the sale, and 10% two months after the
A company collects 60% of its sales during the month of the sale, 30% one month after the sale, and 10% two months after the sale. The company expects sales of $10,000 in August, $20,000 in September, and $30,000 in October, and $40,000 in November. How much money does it expect to raise in October?
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Principles of Accounting
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
12th edition
978-1133603054, 113362698X, 9781285607047, 113360305X, 978-1133626985
