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Dove Corperation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $233,000, $318,000, and
Dove Corperation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $233,000, $318,000, and $429,000, respectively, for September, October, and November. The company expects to sell 25% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale and 30% in the month following the sale. The cash collections in November are Oa. $404025 Ob. $225225 Oc. $107,250 Od. $404830 Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $233,000, $318,000, and $429,000, respectively, fa September, October, and November. The company expects to sell 25% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale and 30% in the month following the sale. The cash collections in November are O $404,025 Ob. $225,225 Oc. $107.250 Od. $404830
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