A
company collects 60% of its sales during the month of sale, 30% one
month after the sale, and 10% two months after the sale. Expected sales
are: $10,000 in August, $20,000 in September, $30,000 in October, and
$40,000 in November. How much cash is expected to be collected in
October?
a. $15000
b. $25000
c. $35000
d. $60000
a. $15000
b. $25000
c. $35000
d. $60000
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