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Eastwood Hotel expects $800.000 of total sales in January and $700,000 of total sales in Februan Historically, the company collects 65% of its total sales

Eastwood Hotel expects $800.000 of total sales in January and $700,000 of total sales in Februan
Historically, the company collects 65% of its total sales in the month of sale and 35% in the
following month
Determine the amount of cash that the company expects to collect in the month of February.

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