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Activision Inc. is a gaming software developer. 1 0 % of Activision s sales are cash and collected in the same month. The remaining 9
Activision Inc. is a gaming software developer. of Activisions sales are cash and collected in the same month. The remaining are on credit and collected one month after the purchase. Total wages for Activision is $M per month. Cost of goods sold packaging is equal to of sales. Packaging materials are purchased one month ahead of sales and are paid one month after receipt. Activision started November with a cash balance of $M Activisions sales are shown in the following table.
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