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Anne, Inc., has the following historical collection pattern for its credit sales. 70% collected in the month of sale Copy20% collected in the first
Anne, Inc., has the following historical collection pattern for its credit sales. 70% collected in the month of sale Copy20% collected in the first month after sale the Middle East, 2020 5% collected in the second month after sale 5% uncollectible The sales on account have been budgeted for the last five months as follows: Month Sales $ 50,000 August September 60,000 October 100,000 November 110,000 December 120,000 Required: Compute the estimated total cash collections during the 4th quarter (Oct, Nov, and Dec).
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