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Your firm collects 20 percent of sales in the month of sale, 65 percent of sales in the month following the month of sale, and

Your firm collects 20 percent of sales in the month of sale, 65 percent of sales in the month following the month of sale, and 13 percent of sales in the second month following the month of sale. The remainder of the sales are uncollectible. Given this, you will collect _____ sales during the month of May. Multiple Choice 65 percent of March 13 percent of March 13 percent of May 20 percent of March 65 percent of May

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