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Company R has an AR collection pattern of 8% in the current month, 47% in the first month, 30% in the second month, 10% in
Company R has an AR collection pattern of 8% in the current month, 47% in the first month, 30% in the second month, 10% in the third month, and 5% in the fourth month. If AR for July is $598,000, what amount of cash do they expect to collect in October?
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