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Avery Manufacturing sales budget information for October shows Cash sales of 580,400 dollars
and Credit sales of 232,900 dollars. November Cash sales of 624,800 and Credit sales of
344,000. December Cash sales of 806,900 and Credit sales of 398,700. The accounting manager
has analyzed cash collections and determined that credit sales are collected 70% in the month of
sale, 20% in the month following the sale, and 10% in the second month following the sale. How
much cash

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Avery Manufacturing sales budget information for October shows Cash .pdf

  • 1. Avery Manufacturing sales budget information for October shows Cash sales of 580,400 dollars and Credit sales of 232,900 dollars. November Cash sales of 624,800 and Credit sales of 344,000. December Cash sales of 806,900 and Credit sales of 398,700. The accounting manager has analyzed cash collections and determined that credit sales are collected 70% in the month of sale, 20% in the month following the sale, and 10% in the second month following the sale. How much cash