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Question 1 Frankie's Chocolate Co . reports the following information from its sales budget: Expected Sales: July August September $ , 9 2 , 1

Question 1
Frankie's Chocolate Co. reports the following information from its sales budget:
Expected Sales:
July
August
September
$,92,140
$ 104,893
$137,660
Cash sales are normally 35% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in
September is:
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