Company XYZ has the following sales budget for the last six months of 2018. July $100,000 August $75,000 September $100,000 October $70,000 November $110,000 December $94,000 Historically, the cash collection of sales has been as follows: 60% of sales collected in month of sales 20% of sales collected in month following sale 7% of sales collected in second month following sale 2% of sales uncollectible What are the expected cash collections of sales in October
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