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Campbell's Wholesale Company is preparing monthly cash budgets for the fourth quarter of the year. Monthly sales revenue in this quarter is estimated as follows:

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Campbell's Wholesale Company is preparing monthly cash budgets for the fourth quarter of the year. Monthly sales revenue in this quarter is estimated as follows: October $41,200 November $32,000 December $24.800 All sales are made on credit with 70% collected in the month of sale and 30% collected in the following month. REQUIRED: (approximate time needed to complete the question is 8 minutes) What is the estimated total cash collected in December

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