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A company has given the sales details for the first half of the year as follows: 20% of sales are for cash and the balance
A company has given the sales details for the first half of the year as follows: 20% of sales are for cash and the balance is on credit. Of the credit sales, 30% is collected in the month of sale; 60% one month later; 8%, two months later and the balance is unrecoverable and therefore written off as bad debts. Required: Calculate the debtor's collection (in ksh.000) for the month of June
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