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Devin Corporation generally collects 20 percent of its sales in the month of sale, 30 percent in the next month, 40 percent in the next
Devin Corporation generally collects 20 percent of its sales in the month of sale, 30
percent in the next month, 40 percent in the next month, and 10 percent in the third
month after the sale. Based on the sales forecast of $60 for March, $100 for April, $75
for May, and $85 for June, estimate cash collections for June:
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