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Calculate the amount of cash collections you will collect

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Reference no: EM132923994

Question - Calculate the amount of cash collections you will collect in November if you estimate you will collect 60% of your sales in the month of the sale, 25% the following month, 10% two months later and 4.5% three months later. Actual sales were August - $400,000, September - $440,000, October - $460,000 and November - $380,000.

Reference no: EM132923994

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