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A company reports the following budgeted sales: August, $300,000; and September $340,000. Cash sales are 40% of total sales, and all credit sales are collected

A company reports the following budgeted sales: August, $300,000; and September $340,000. Cash sales are 40% of total sales, and all credit sales are collected in the month following the sale. Total cash receipts for September are: Multiple Choice
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A company reports the following budgeted sales: August, $300,000, and September $340,000. Cash sales are 40% of total sales, and all credit sales are collected in the month following the sale. Total cash receipts for September are

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