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Brady Adams Furniture Inc. has forecasted sales of $300,000 in October, $360,000 in November, and $480,000 in December. All sales are on credit. 20% is
Brady Adams Furniture Inc. has forecasted sales of $300,000 in October, $360,000 in November, and $480,000 in December. All sales are on credit. 20% is collected the month of sale and the remainder the following month. Calculate the amount collected from accounts receivable in the month of November. [Show detailed calculation to get proper credit]
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