How much money docs the firm expect to collect in the month

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Reference no: EM131500022

Dewey's expects sales of $530, $560, $740, and $790 for the months of April through July, respectively. The firm collects 23 percent of sales in the month of sale, 51 percent in the month following the month of sale, and 24 percent in the second month following the month of sale. The remaining 2 percent of sales is never collected. How much money docs the firm expect to collect in the month of July?

Reference no: EM131500022

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