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A Company Collects 60% of Its Sales During the Month

Question 17

Multiple Choice

A company collects 60% of its sales during the month of the sale, 30% one month after the sale, and 10% two months after the sale. The company expects sales of $10,000 in August, $20,000 in September, $30,000 in October, and $40,000 in November. How much money is expected to be collected in October?


A) $25,000
B) $15,000
C) $35,000
D) None of the above

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