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A company's sales price per unit is $11. It has the following sales: Sixty percent of sales are cash. Of the credit sales, 54 percent
A company's sales price per unit is $11. It has the following sales: Sixty percent of sales are cash. Of the credit sales, 54 percent is collected in the month of the sale, 37 percent is collected during the following month, and 9 percent is never collected. Required: Calculate total cash receipts for April and May. Note: Do not round your intermediate calculations. Round your answers to the nearest whole dollar
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