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The management of Sunland Company estimates that credit sales for August, September, October, and November will be $188,000, $205,000, $239,000, and $188,000, respectively. Experience
The management of Sunland Company estimates that credit sales for August, September, October, and November will be $188,000, $205,000, $239,000, and $188,000, respectively. Experience has shown that collections are made as follows: In month of sale 25 % In first month after sale 60 % In second month after sale 10 % Determine the collections from customers in October and November. Collections from Customers October August Sales $ September Sales October Sales November Sales Total collections eTextbook and Media November $ L3
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