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Determine the collections from customers in october

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Question - The management of Ayayai Industries estimates that credit sales for August, September, October, and November will be $575,000, $730,000, $860,000, and $495,000, respectively. Experience has shown that collections are made as follows:

In month of sale 25%

In first month after sale 60%

In second month after sale 10%

Required - Determine the collections from customers in October and November.

Reference no: EM133157744

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