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On average, 60% of credit sales are paid for in the current month, 20% in the next month, and the remainder in the month after
On average, 60% of credit sales are paid for in the current month, 20% in the next month, and the remainder in the month after that. What are the expected cash collections in months 3 and 4 ? Note: Enter your answers in whole dollars not in thousands of dollars
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International Finance The Markets And Financial Management Of Multinational Business
Authors: Maurice D. Levi
3rd Edition
0070376875, 978-0070376878
