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Justin Company's budget includes the following credit sales for the current year: September, $39,000; October, $50,000, November, $44,000: December, $46,000. Experience has shown that payment

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Justin Company's budget includes the following credit sales for the current year: September, $39,000; October, $50,000, November, $44,000: December, $46,000. Experience has shown that payment for the credit sales is received as follows: 10% in the month of sale, 65% in the first month after sale, 23% in the second month after sale, and 2% is uncollectible. How much cash can Justin Company expect to collect in November as a result of current and past credit sales? Multiple Choice 1 O 0 O $43,270 0 $48,670 0 O $34.470 0 45 of 50 Next

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