Your firm collects 20 percent of sales in the month of sale,65 percent of sales in the month following the month of sale,and 13 percent of sales in the second month following the month of sale.The remainder of the sales are uncollectible.Given this,you will collect ________ sales during the month of May.
A) 65 percent of May
B) 20 percent of March
C) 13 percent of May
D) 65 percent of March
E) 13 percent of March
Correct Answer:
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