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zz, Inc. has budgeted sales in units for the next six months as follows: July August September October November December Budgeted Sales in Units 4,400
zz, Inc. has budgeted sales in units for the next six months as follows: July August September October November December Budgeted Sales in Units 4,400 units 7,200 units 6,900 units 8,600 units ????? units 7,900 units All sales are made on account. The selling price is $23 per unit. The sales are collected in the pattern 11% in the month of sale, 24% in the month following sale, 57% in the second month following sale, and the final 8% is collected in the third month following sale. Calculate the total expected cash collections for the month of October
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