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The quarter of sale with the remainder collected in the

Tractor Inc. has predicted sales for the first three quarters of the coming year.The predictions are: first quarter, $271,176; second quarter, $205,433; third quarter, $301,152. 64% of sales are collected in the quarter of sale with the remainder collected in the following quarter. The company's expected cash receipts for the third quarter

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Accounting Basics: The quarter of sale with the remainder collected in the

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