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Sharon Corporation collects 10% in the second month following sale, 40% n the month following sale, and 40% of a month's sales in the month
Sharon Corporation collects 10% in the second month following sale, 40% n the month following sale, and 40% of a month's sales in the month of sale. The company has found that 10% o sales for the upcoming four months are: their sales are uncollectible. Budgeted August budgeted sales September budgeted sales October budgeted sales November budgeted sales The amount of cash that will be collected in November is budgeted to be $280,000 $350,000 $380,000 $240,000 $316,000 $96,000 $283,000 $216,000
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