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  3. a firm has actual sales in november of $31,000 and

A firm has actual sales in November of $31,000 and projected sales in December and...

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A firm has actual sales in November of $31,000 and projected sales in December and January of $64,000 and $73,000, respectively. The firm makes 20% of its sales for cash collect 16\% of its sales one the month following the sale, and collects the balance two months following the sale. Based on the given information, determine the firm's total cash receipts in January

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