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Fenrir Inc expects credit sales for July to be $80,000. Cash sales are expected to be $25,000. The company expects both credit and cash sales
Fenrir Inc expects credit sales for July to be $80,000. Cash sales are expected to be $25,000. The company expects both credit and cash sales to increase 20% for the month of August. Credit sales are collected 100% in the month following the month in which sales are made. Based on this information, the amount of cash collections in August would be: 121,000 O 105,000 110,000 126,000
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