Calculate the amount of cash collections you will collect in November if you estimate you will...
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Calculate the amount of cash collections you will collect in November if you estimate you will collect 60% of your sales in the month of the sale, 25% the following month, 10% two months later and 4.5% three months later. Actual sales were August - $300,000, September - $340,000, October - $360,000 and November - $380,000. Calculate the amount of cash collections you will collect in November if you estimate you will collect 60% of your sales in the month of the sale, 25% the following month, 10% two months later and 4.5% three months later. Actual sales were August - $300,000, September - $340,000, October - $360,000 and November - $380,000.
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