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Fie ng a n has found that 60% of its sales in any given month...

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Accounting

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Fie ng a n has found that 60% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Fielding Corporation has experienced the following collection pattern: 25% received in the month of the sale 50% received in the month after the sale 24% received two months after the sale 1% of the credit sales are never received

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