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Required: Campbells Wholesale Company is preparing monthly cash budgets for the fourth quarter of the year. Monthly sales revenue in this quarter is estimated as
Required: Campbells Wholesale Company is preparing monthly cash budgets for the fourth quarter of the year. Monthly sales revenue in this quarter is estimated as follows: October, $41,900; November, $32,500; and December, $25,100. All sales are made on open credit with 70% collected in the month of sale and 30% collected in the following month. What is the estimated total cash collected in November? December
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