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help! Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are 5231,000 ,
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Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are 5231,000 , $320,000, and $427,000, respectively, for September, Dctober, 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 expected in October are a. 5225,400 b. 5299,975 c. $271.600 d. 5289.400 Step by Step Solution
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