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Junior Snacks reports the following information from its sales budget: Expected Sales: October $ 136,000 November 144,000 December 180,000 All sales are on credit and

Junior Snacks reports the following information from its sales budget:

Expected Sales: October $ 136,000
November 144,000
December 180,000

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

  • $138,800.

  • $88,400.

  • $144,000.

  • $232,400.

  • $50,400.

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