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Junior Snacks reports the following information from its sales budget: Expected Sales: October $144,000 November 152,000 December 188,000 All sales are on credit and are
Junior Snacks reports the following information from its sales budget: |
Expected Sales: | October | $144,000 |
November | 152,000 | |
December | 188,000 |
All sales are on credit and are expected to be collected 45% in the month of sale and 55% in the month following sale. The total amount of cash expected to be received from customers in November is: |
$147,600.
$79,200.
$152,000.
$231,200.
$68,400.
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