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Projected sales of $6,000 in Sept, $10,000 in Oct., $16,000 in NOv., and $12,000 in Dec. Of the company's sales, 20% are paid for by cash and 80% are sold on creit. Experience shows that 40% of accounts receivable are paid in the month after the saile, while the remaining 60% are paid two months after. Determine collections for NOvember and December.
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