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The following is the sales budget for Shleifer. Inc.. for the first quarter of 2013: Credit sales are collected as follows: 55 percent in the

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The following is the sales budget for Shleifer. Inc.. for the first quarter of 2013: Credit sales are collected as follows: 55 percent in the month of the sale 30 percent in the month after the sale 15 percent in the second month after the sale

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