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Munson Company reported the following information for 2010: October November December Budget Sales $620,000 $580,000 $720,000 - All sales are on credit. - Customer amounts
Munson Company reported the following information for 2010: October November December Budget Sales $620,000 $580,000 $720,000 - All sales are on credit. - Customer amounts on account are collected 50% in the month of sale and 50% in the following month. How much cash will Munson receive in November? a) $600,000 b) $290,000 c) $650,000 d) $580,000
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