(Answered) Couse company expects to have the following sales august

Management Studies

Crouse Company expects to have the following sales: August = $18,000, September = $22,500, October = $23,900. Approximately 45% of sales are cash sales. Collection of credit sales are 40% in the month of the sale, 35% in the month following the sale, and 24% two months following the sale. The remaining 1% is uncollectible. __________ is the expected total collections in October.

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Business Management, Management Studies

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