Collected on the month of sale and 50 are collected on the


Farmington enterprises has budgeted sales for the months of September and October at 300.000 and 280.000. Monthly sales are 80% credit and 20% cash. Of the credit sales, 50% are collected on the month of sale and 50% are collected on the following month. What are the collections from customers?

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Accounting Basics: Collected on the month of sale and 50 are collected on the
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