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A company collects on sales on the following schedule: 42% in the month of the sale, 29% in the month following the sale, 27% in
A company collects on sales on the following schedule: 42% in the month of the sale, 29% in the month following the sale, 27% in the second month following the sale, 2% are expected to be uncollectible. The following sales are expected: July $178,000 ; August $437,000 ; September $234,000 . What amount will be budgeted for cash collections in September
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