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Junior Snacks reports the following information from its sales budget: Expected Sales: October$134,000 November142,000 December178,000 All sales are on credit and are expected to be

Junior Snacks reports the following information from its sales budget:

Expected Sales: October$134,000

November142,000

December178,000

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:

Multiple Choice

  • $137,600.
  • $73,700.
  • $142,000.
  • $215,700.
  • $63,900.

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