Below are the estimated sales for Natasha Shop. Estimated Sales October November December $92,000 $106,000 $87,000 Credit
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Question:
Below are the estimated sales for Natasha Shop.
Estimated Sales | ||
October | November | December |
$92,000 | $106,000 | $87,000 |
Credit sales are normally 30 per cent of total sales; 60 per cent are collected in the month of sales, and the remainder are collected in the following month. What is the cash collection for October?
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