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Lara Company has budgeted the following credit sales during the current year: September $25,000; October $36,000; November $30,000; December $32,000. Experience has shown that payment

Lara Company has budgeted the following credit sales during the current year: September $25,000; October $36,000; November $30,000; December $32,000.

Experience has shown that payment for the credit sales is received as follows: 15% in the month of sale, 60% in the first month after sale, 20% in the second month after sale, and 5% is uncollectible. How much cash can Lara Company expect to collect in November as a result of current and past credit sales?

A. $19,700

B. $28,500

C. $30,000

D. $31,100

E. $33,900

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