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need fast answer pls. 3. Green Company is a retail sales company. One popular product, the 207-DUN, sells for $100 per unit. Budgeted sales of
need fast answer pls.
3. Green Company is a retail sales company. One popular product, the 207-DUN, sells for $100 per unit. Budgeted sales of the 207- DUN for several months in the upcoming year are as follows: Month Units of 207-DUN September $50,000 October $40,000 November $60,000 December $50,000 Green Company makes 10% of sales in cash and the rest on account. Green's accounts receivable collection experience is as follows: Percent paid in the month of sale 25% Percent paid in the month after the sale 65% Percent paid in the second month after the sale 896 What are the expected cash receipts for Green Company for the month of November Step by Step Solution
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