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What is the optimum strategy? Diamond Company has the following sales budget for the last-six months of 2010 Historically, the cash collection of sales has
What is the optimum strategy? Diamond Company has the following sales budget for the last-six months of 2010 Historically, the cash collection of sales has been as follows: 65% of sales collected in month of sale 25% of sales collected in month following sale 8% of sale collected in second month following sale 2% of sales uncollectible What is the expected cash collection of sales in October
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