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Downstairs Company has the following sales budget for the last six months of 2010: July...

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Accounting

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Downstairs Company has the following sales budget for the last six months of 2010: July $100,000 August 80,000 September 110,000 October 80,000 November 100,000 December 94.000 Historically, the cash collection of sales has been as follows: 65% of sales collected in month of sale 25% of sales collected in month following sale 8% of sales collected in second month following sale 2% of sales uncollectible What are the expected cash collections of sales in October? CLO 5 Select one: 2.579,500 $99.500 c585.900 6.592.400

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