A firm has projected sales in May, June, and July of 23721, 49028, and 22769,...
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Accounting
A firm has projected sales in May, June, and July of 23721, 49028, and 22769, respectively. The firm makes 0.2 percent of sales for cash and collects after one 0.4 percent and the rest of the balance collects after two month. What is the firm's total cash receipts in July
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