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QUESTION 10 Nutell Corporation began operations on September 1 of the current year. Budgeted sales for September and October are $260,000 and $370,000 respectively. All
QUESTION 10 Nutell Corporation began operations on September 1 of the current year. Budgeted sales for September and October are $260,000 and $370,000 respectively. All sales are on account of sales on account, 80% are expected to be collected in the month of sale and 20% in the following month. The cash collections in October are: O a. $340,000 b. $282,000. O c. $296,000. O d. $348,000
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