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Lincoln Enterprises has budgeted sales for the months of September and October at $170,000 and $100,000, respectively. Monthly sales are 80% credit and 20% cash.
Lincoln Enterprises has budgeted sales for the months of September and October at $170,000 and $100,000, respectively. Monthly sales are 80% credit and 20% cash. Of the credit sales, 30% are collected in the month of sale and 70% are collected in the following month. What are the October cash collections from customers? A. $44,000 B. $116,800 C. $139,200 D. $119,200
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How To Stop Living Paycheck To Paycheck How To Take Control Of Your Money And Your Financial Freedom Starting Today Volume 1
Authors: Phil Wall
1st Edition
1647772249, 978-1647772246
