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latimer corporation collects 35% of a month's sales in the month of sale, 50% in the month following sale, and 10% in the second month
latimer corporation collects 35% of a month's
sales in the month of sale, 50% in the month
following sale, and 10% in the second month
following sale. the company has found that5%
of their sales are uncollectible. Budgeteded
sales for the upcoming four month are:
August budgeted sales $250000
September budgeted sales $270000
October budgeted sales $310000
November budgeted sales $290000
The amount of cash that will be collected in November is budgeted to be ?
please show step . thanks
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