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Birds of Paradise Birdfood Company collects 50% of their credit sales during the month of sale, 25% the month after the sale, and 20% two
Birds of Paradise Birdfood Company collects 50% of their credit sales during the month of sale, 25% the month after the sale, and 20% two months after the sale. Their Treasurer is budgeting for their expected cash position in December. The company sells 75% of their goods on credit, and 25% in cash. If the companys sales are $150,000 in October, $200,000 in November, and $250,000 in December, how much should the Treasurer expect the cash receipts to be in December from all sales?
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