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Slowinski Company has the following sales budget: Month Cash Sales September $100,000 October 125,000 November 130,000 December 135,000 Credit Sales $300,000 180,000 210,000 190,000 Collections

Slowinski Company has the following sales budget:
Month Cash Sales September $100,000 October 125,000 November 130,000 December 135,000
Credit Sales $300,000 180,000 210,000 190,000
Collections of credit sales are 50% in the month of sale, 40% in the month following sale, and 10% two months following sale. No uncollectible accounts are expected. What are the estimated cash collections in November?
A) $130,000
B) $197,000 C) $327,000 D) $337,000

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