Explain the total cash collections


Nodles Company projected unit credit sales for the last four months of the year as shown below:
September 3,000
October 3,200
November 4,100
December 5,600
The company's past records show collection of credit sales as 60% in the month of sale and the balance in the following month. If inventory units are sold for $25, the total cash collections in November will be what?

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Accounting Basics: Explain the total cash collections
Reference No:- TGS0706012

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