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Salem Company reported the following information for 2020: Budgeted sales Budgeted purchases All sales are on credit. September October November December Janu $75,000 $80,000

Salem Company reported the following information for 2020: Budgeted sales Budgeted purchases All sales are on credit. September October November December Janu $75,000 $80,000 $50,000 $65,000 $90,000 $125,000 $150,000 $7 $100,000 $4 Customer amounts on account are collected 75% in the month of sale and 25% in the foll How much cash will Salem receive during November?

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