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Please provide step by step instructions, detailed explanations and answer, thank you! Halifax Shoes has 3 0 % of its sales in cash and the
Please provide step by step instructions, detailed explanations and answer, thank you!
Halifax Shoes has of its sales in cash and the remainder on credit. Of the credit sales, is collected in the month of sale, is collected the month after the sale, and is collected the second month after the sale. How much cash will be collected in August if sales are estimated as $ in June, $ in July, and $ in August?
NOTE: Enter amounts rounded to the nearest whole dollar.
Cash sales
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Cash for collections the month of sale
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Cash for collections the month after sale
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Cash for collections two months after sale
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TOTAL cash receipts
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