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How much cash will you collect in December

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Reference no: EM132931013

Question - Sales for September are expected to be $200,000, October $220,000, November $190,000 and December $250,000. You estimate cash collections as follows: 70% in the month of the sale, 15% the next month, 10% two months later and 4% three months later. How much cash will you collect in December?

Reference no: EM132931013

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