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Junior Snacks reports the following information from its sales budget: Expected Sales:October$142,000November150,000December186,000 All sales are on credit and are expected to be collected 35% in

Junior Snacks reports the following information from its sales budget:

Expected Sales:October$142,000November150,000December186,000

All sales are on credit and are expected to be collected 35% in the month of sale and 65% in the month following sale. The total amount of cash expected to be received from customers in November is:

Multiple Choice

  • $144,800.
  • $92,300.
  • $150,000.
  • $242,300.
  • $52,500.

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