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IgorC [24]
3 years ago
11

Ruff Wear expects sales of $560, $650, $670, and $610 for the months of May through August, respectively. The firm collects 20 p

ercent of sales in the month of sale, 70 percent in the month following the month of sale, and 8 percent in the second month following the month of sale. The remaining 2 percent of sales is never collected. How much money does the firm expect to collect in the month of August?
Business
1 answer:
Orlov [11]3 years ago
6 0

Answer:

$643

Explanation:

Collection in the month of August is made up of

  • 20 percent of sales for August
  • 70 percent of sales for the month for July
  • 8 percent of sales for the month of June

Considering all the elements stated above,Collection in the month of August

= (20% × 610) + (70% × 670) + (8% × 650)

= 122 + 469 + 52

= $643

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