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Phillips Perfume sells to all customers on account. The company collects 20% in the month of the sale and 80% in the month following the

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Phillips Perfume sells to all customers on account. The company collects 20% in the month of the sale and 80% in the month following the sale. Using the information below, calculate the total cash the company expects to collect in November and the projected balance in Accounts Receivable at December 31. November Cash Receipts: Projected December A/R Balance

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