D & F, Inc. expects sales of $620, $650, $730 and $780 for the months of April through July, respectively. The ﬁrm collects 20% of sales in the month of sale, 50% in the month following the
Month of sale and 28% in the second month following the month of sale. The remaining 2% of sales
Is never collected. How much money does the ﬁrm expect to collect in the month of July?

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The Answer of D & F, Inc. expects sales of $620, $650, $730 and $780 for the months of April through July, respectively. The ﬁrm collects 20% of sales in the month of sale, 50% in the month following the
Month of sale and 28% in the second month following the month of sale. The remaining 2% of sales
Is never collected. How much money does the ﬁrm expect to collect in the month of July?