A firm has actual sales in November of $62,000 and projected sales in December and...
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A firm has actual sales in November of $62,000 and projected sales in December and January of 531,000 and $29.000, respectively. The firm makes 15% of its sales for cash collect 21% 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 Note: In writing your answer, evold using the comma in separating the digits, and round your final answer to the nearest dollar
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