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Office World Inc. has cash and carry customers and credit customers. Office World estimates that 2 5 % of monthly sales are to cash customers,
Office World Inc. has cash and carry customers and credit customers. Office World estimates that of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, pay their accounts in the month of sale, while the remaining pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows: October $ November December The Accounts Receivable balance on September was $ Prepare a schedule of cash collections from sales for October, November, and December. Enter all amounts as positive numbers.
Office World Inc. has cash and carry customers and credit customers. Office World estimates that of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, pay their accounts in the month of sale, while the remaining pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows:
October $
November
December
The Accounts Receivable balance on September was $
Prepare a schedule of cash collections from sales for October, November, and December. Enter all amounts as positive numbers.
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