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Percent of sales in the second month

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The Harvester collects 25 percent of sales in the month of sale, 60 percent of sales in the month following the month of sale, and 15 percent of sales in the second month following the month of sale. During the month of April, the firm will collect:

  • 60 percent of February sales.
  • 15 percent of April sales.
  • 60 percent of March sales.
  • 15 percent of March sales.
  • 25 percent of February sales.

Reference no: EM131318709

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