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Qs) a company has a two month receivable cycles . It receives in cash 45% of the total gross sales value in the month of invoicing. Irrecoverable Debts are 20% of total gross sales value and there is a 10% discount for setting accounts within 30 days .
What proportion of the first months sales will be received as cash in the second month . ?
A) 25%
B) 30%
C) 35%
D)55%
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