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If Coulsons sales in September were $200,000 and historically, 20% of the firms sales have been for cash, 50% have been collected after 1 month,
If Coulsons sales in September were $200,000 and historically, 20% of the firms sales have been for cash, 50% have been collected after 1 month, and the remaining 30% after 2 months. What is the cash receipt in November? Assume bad- debt expenses (uncollectible accounts) are zero. A. $40,000 B. $60,000 C. $80,000 D. $100,000
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