11. Rich Company's experience shows that 10% of its sales are for cash and 90%...
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Accounting
11. Rich Company's experience shows that 10% of its sales are for cash and 90% are on credit. An analysis of credit sales shows that 60% are collected in the month following the sale, 35% are collected in the second month, and 5% prove to be uncollectible. Calculate August September October November Sales .. $1,500,000 $1,525,000 $1,535,000 $1,560,000
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