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Quest A firm sales forecast for select months is presented. All sales are credit-based, with no cd collected in the month of the sale, 65%
Quest A firm sales forecast for select months is presented. All sales are credit-based, with no cd collected in the month of the sale, 65% collected one-month after the sale, and 30% collected two months after the sale. 546 is uncollectible What are cash receipts in November? Month Sales Forecast Casb Receipts August September October $4,007,500 $5,000,000 S6,500,000 $7,500,000 $4,452,250 November 6,825,000 $4,452,250 $5,725,000 O $7,500,000
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