Thornton, Inc. has budgeted sales for the months of September and October at $ 303 comma 000.00 and $ 288 comma 000.00, respectively. Monthly sales are 80% credit and 20% cash. Of the credit sales, 50% are collected in the month of sale, and 50% are collected in the following month. Calculate cash collections for the month of October.
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Thornton, Inc. has budgeted sales for the months of September and October at $ 303 comma 000.00 and...
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