Question: please I need it as soon as possible Anne, Inc., has the following historical collection pattern for its credit sales. 60% collected in the month
please I need it as soon as possible
Anne, Inc., has the following historical collection pattern for its credit sales. 60% collected in the month of sale 30% collected in the first month after sale 5% collected in the second month after sale 5% uncollectible The sales on account have been budgeted for the last five months as follows: Month Sales August $ 40,000 September 80,000 October 90,000 November 130,000 December 100,000 Required Compute the estimated total cash collections during the 4th quarter (Oct, Nov, and Dec)
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