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Benjamin Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $250,000, 8300,000, and

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Benjamin Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $250,000, 8300,000, and $420,000, respectively, for September, October, and November. The company expects to sell 20 % of its merchandise for cash. Of sales on account, 70 % are expected to be collected in the month of the sale, a5% in the month following the sale, and the remainder in the following month. ORefer to the information provided for Benjamin Corporation. The cash collections from accounts receivable in September are O a. $175,000. b. $140,000. c$168.000. d. $190,000. O Icon Key Question 17 of 28 Multiple Cholce 13-095 Submit Tst for Grading Save tmail instructor w 6 MacBook Air 7 4 3 2

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