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Tiger Inc. has forecasted sales as follows: August $ 200,000 September 400,000 October...

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Accounting

Tiger Inc. has forecasted sales as follows: August $ 200,000

September 400,000

October 500,000

All sales are on credit with collections as follows: 60% in the month of sale

40% in the month following the sale.

How many dollars are expected to be collected in October?

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