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Minuteman Company's sales were budgeted for the first six months of its fiscal year as follows:
All sales are on credit and management estimates that 55% will be collected in the month following the sale, with the remaining 45% collected the second month following the sale.
-Cash collections during August are estimated at:

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Use the following to answer questions
Minuteman Company's sales were budgeted for the first six months of its fiscal year as follows:
  All sales are on credit and management estimates that 55% will be collected in the month following the sale, with the remaining 45% collected the second month following the sale.
-Cash collections during August are estimated at:

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The Answer of Use the following to answer questions
Minuteman Company's sales were budgeted for the first six months of its fiscal year as follows:
  All sales are on credit and management estimates that 55% will be collected in the month following the sale, with the remaining 45% collected the second month following the sale.
-Cash collections during August are estimated at:

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