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Sharon Corporation collects 5% in the second month following sale, 43% in the month following sale and 50% of a month's sales in the month
Sharon Corporation collects 5% in the second month following sale, 43% in the month following sale and 50% of a month's sales in the month of sale. The company has found that 2% of their sales are uncollectible. Budgeted sales for the upcoming four months are: August budgeted sales September budgeted sales October budgeted sales November budgeted sales $350.000 $300,000 $350,000 $220,000 The amount of cash that will be collected in November is budgeted to be O A. $311 500 B. $110.000 O c. $275,500 O D. $215,600 Click to select your answer search C v B N M
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