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Please ASAP Hayden Inc. has projected the following sales information for the fourth quarter of 2020 Cash salos Credil sales Total sales October $ 19,000
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Hayden Inc. has projected the following sales information for the fourth quarter of 2020 Cash salos Credil sales Total sales October $ 19,000 35,000 $ 54.000 November $ 20,000 45.000 5 71.000 December $32,000 60.000 $ 92.000 Credit sales are collected over a two-month period, with 60 percent collected in the month of sale and 40 percent collected in the month following sale. Total cash collections for December are: O $83,500 $86,000 $68,000 $54,000 Step by Step Solution
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