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Guys Gutter Service provides gutter-cleaning services during the fall and early winter. Shown below is the companys sales budget for the final quarter. October November
- Guys Gutter Service provides gutter-cleaning services during the fall and early winter. Shown below is the companys sales budget for the final quarter.
October November December
Total sales $80,000 $200,000 $45,000
Based on prior experience, they expect to collect 20 percent in the month of sale, 70 percent in the month following the sale, and the remainder two months after the sale.
How much cash does the company expect to collect in December?
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