If they collect 60 of sales in the month of the sale and


Question - A firm has sales of $800 in month 1, $900 in month 2 and $700 in month 3. If They collect 60% of Sales in the month of the sale and the other 40% in the following month, how much was collected in Month 2?

a) 800 

b) 820 

c) 840 

d) 860

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Accounting Basics: If they collect 60 of sales in the month of the sale and
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