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18) Na vida Corporation collects 30% of a month's sales in the month of sale 55% in the month following sale, and 10% in the
18) Na vida Corporation collects 30% of a month's sales in the month of sale 55% in the month following sale, and 10% in the second month following sale. Given t sales are uncollectible. Budgeted sales for the upcoming four months are as follows: he past experience, the company has found that 5% of their August budgeted sales September budgeted sales October budgeted sales November budgeted sales $300,000 $280,000 $330,000 $260,000 The amount of cash that will be collected in November is budgeted to be A) $291,500 B) $78,000. C) $287,500. D) $283,000
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