Beta Company collects 80% of a month's sales in the month of sale and 20% of sales

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Beta Company collects 80% of a month\'s sales in the month of sale and 20% of sales in the following month. What are the cash collections for October?

August sales: $850

September sales: $900

October sales: $1,000

$890

$860

$980

$920

Related Book For answer-question

Managerial Accounting Tools for business decision making

ISBN: 978-0470477144

5th edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Posted Date: Oct 17, 2020 06:20 PM

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Beta Company collects 80% of a month's sales in the month of sale and 20% of sales

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Managerial Accounting Tools for business decision making

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