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Fossilswork Corporation collects 30% of a month's sales in the month of sale, 55% in the month following sale, and 10% in the second
Fossilswork Corporation collects 30% of a month's sales in the month of sale, 55% in the month following sale, and 10% in the second month following sale. Budgeted sales for the upcoming four months are: August budgeted sales September budgeted sales October budgeted sales November budgeted sales $280,000 $320,000 $370,000 $210,000 The amount of cash that will be collected in November is budgeted to be OA. $199,500 OB. $320,500 OC. $63,000 OD. $298,500
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