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Alpha Company's forecast of sales is as follows: Sales are normally 25% cash and 75% credit in any month. Credit sales are collected 30% in
Alpha Company's forecast of sales is as follows: Sales are normally 25% cash and 75% credit in any month. Credit sales are collected 30% in the month of sale, 50% in the month following the sale and 20% in the second month following the sale. Total cash receipts in December will be
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