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Captain America Co. creates shields for sale and expects to collect 10% of sales in the month the sale occurred in. They expect to collect
Captain America Co. creates shields for sale and expects to collect 10% of sales in the month the sale occurred in. They expect to collect 75% in the following month, and 5% each month after that. What are the expected total cash collections for the month of December given the following data: Month August September October November December Credit Sales $30,000 $25,000 $22,000 $28.000 $35,000 $28,350 $25,600 $26,850 $24,500
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