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Brooklyn Studio's sales are all made on account. The firm's collection experience has been that 27% of a month's sales are collected in the
Brooklyn Studio's sales are all made on account. The firm's collection experience has been that 27% of a month's sales are collected in the month the sale is made, 48% are collected in the month following the sale, and 23% are collected in the second month following the sale. The sales forecast for the months of September through December is as follows: September October $ 240,000 November December Required: 286,000 324,000 374,000 Calculate the cash collections that would be included in the cash budgets for November and December Cash Collections ces November December Check my wom
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