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Funcycle Manufacturing's budget includes the following credit sales for the current year: September, $154,000; October, $145,000; November, $129,000; December, $166,000. Experience has shown that payment
Funcycle Manufacturing's budget includes the following credit sales for the current year: September, $154,000; October, $145,000; November, $129,000; December, $166,000. Experience has shown that payment for the credit sales is received as follows: 20% in the month of sale, 55% in the first month after sale, and 25% in the second month after sale. What are the cash collections of credit sales in the month of December? Multiple Choice $33,200. 0 $140,400. O $107,200. O $166,000. $104,150. O
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