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  3. expects to sell 25% of its merchandise for cash. o

expects to sell 25% of its merchandise for cash. Of sales on account, 70% are...

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Accounting

image expects to sell 25% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale and 30% in the month following the sale. The cash collections expected in October are a. $271,920 b. $296,475 c. $285,720 d. $223,320

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