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How much money does the firm expect to collect

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Question - Ruff Wear expects sales of $600, $650, $670, and $510 for the months of May through August, respectively. The firm collects 20 percent of sales in the month of sale, 70 percent in the month following the month of sale, and 10 percent in the second month following the month of sale. How much money does the firm expect to collect in the month of August?

Reference no: EM133049372

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