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Diamond company has the following sales budgest for the last six months of 2010 Historically, the cash collection of sales has been as follows: 65%
Diamond company has the following sales budgest for the last six months of 2010 Historically, the cash collection of sales has been as follows: 65% of sales collected in month of sale 25% of sales collected in month following sale 8% of sales collected in second month following sale 2% of sales uncollectible
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