7. Jent Company reported the following information for 2013: October November December Budgeted sales$320,000$340,000$360,000 Budgeted purchases$120,000$128,000$144,000 All

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7.Jent Company reported the following information for 2013:

OctoberNovemberDecember

Budgeted sales$320,000$340,000$360,000

Budgeted purchases$120,000$128,000$144,000

All sales are on credit.

Customer amounts on account are collected 40% in the month of sale and 60% in the following month.

Instructions

Compute the amount of cash Jent will receive during November.

Posted Date: Jun 16, 2024 06:35 PM

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7. Jent Company reported the following information for 2013: October November December Budgeted sales$320,000$340,000$360,000 Budgeted purchases$120,000$128,000$144,000 All

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