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Brooklyn Studio's sales are all made on account. The firm's collection experience has been that 3 0 % of a month's sales are collected in
Brooklyn Studio's sales are all made on account. The firm's collection experience has been that of a month's sales are collected in
the month the sale is made, are collected in the month following the sale, and are collected in the second month following
the sale. The sales forecast for the months of September through December is as follows:
Required:
Calculate the cash collections that would be included in the cash budgets for November and December.
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