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The Management of Farmer Company Estimates That Credit Sales for August

Question 69

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The management of Farmer Company estimates that credit sales for August, September, October, and November will be $270,000, $375,000, $420,000, and $240,000, respectively. Experience has shown that collections are made as follows: The management of Farmer Company estimates that credit sales for August, September, October, and November will be $270,000, $375,000, $420,000, and $240,000, respectively. Experience has shown that collections are made as follows:    Instructions Determine the collections from customers in October and November. Show all computations.
Instructions
Determine the collections from customers in October and November. Show all computations.

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