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A company expects the following monthly sales revenue: July, $43,300; August, $33,500; and September, $25,700. All sales are credit sales. The company expects to collect
A company expects the following monthly sales revenue: July, $43,300; August, $33,500; and September, $25,700. All sales are credit sales. The company expects to collect 70% in the month of sale and 30% in the following month of sale. What is the estimated total cash collected in August? September?
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