The palos company expects sales for june july and august of, Ask an Expert

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The Palos Company expects sales for June, July, and August of $48,000, $54,000, and $44,000, respectively. Experience suggests that 40% of sales are for cash and 60% are on credit. The company collects 50% of its credit sales in the month following sale, 45 % in the second month following sales, 5% are not collected. What are the company's expected cash receipts for August related to current and past sales?:

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9974408

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