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Frankie's Chocolate Co. reports the following information from its sales budget: Expected Sales: July $ 92,140 August $ 107,685 September $ 135,496 Cash sales
Frankie's Chocolate Co. reports the following information from its sales budget: Expected Sales: July $ 92,140 August $ 107,685 September $ 135,496 Cash sales are normally 35% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in September is:
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
9th Edition
125972266X, 9781259722660
