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East Company budgeted the following credit sales during the current year: August$90,000September,$100,000; October,$110,000; November,$90,000; December,$100,000. Experience has shown that cash from credit sales is received

East Company budgeted the following credit sales during the current year:

August$90,000September,$100,000; October,$110,000; November,$90,000; December,$100,000.

Experience has shown that cash from credit sales is received as follows:

30%in the month of sale,(All collections in the month of sale are subject to1 percent cash discount.)

50%in the first month after sale,

17%in the second month after sale, and

3%is uncollectible.

Required:

How much total cash can East Company expect to collect in November?

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