Question: 4. The following information pertains to Tiffany Company: Month July August September Sales $60,000 $80,000 $100,000 Cash is collected from customers in the following
4. The following information pertains to Tiffany Company: Month July August September Sales $60,000 $80,000 $100,000 Cash is collected from customers in the following manner: Month of sale - 65% and Month following the sale - 35%. How much cash will be collected from customers in July, August and September?
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