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The sales forecast of Best Footwear Manufacturing Co. (BFM) for the last quarter of the year, in $000, is as follows: Month September October November
The sales forecast of Best Footwear Manufacturing Co. (BFM) for the last quarter of the year, in $000, is as follows:
Month | September | October | November | December |
Cash Sales | 180 | 280 | 210 | 150 |
Credit Sales | 900 | 1,100 | 850 | 750 |
On average, 50% of credit sales are paid in the current month, 30% in the next month, and the remainder in the month after that.
What are the expected cash collections
a) in November and
b) in December?
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