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Tara Company's budget shows the following credit sales for the current year: September, $25,000; October, $36,000; November, $30,000; December. $32,000. Experience has shown that payment

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Tara Company's budget shows the following credit sales for the current year: September, $25,000; October, $36,000; November, $30,000; December. $32,000. Experience has shown that payment for credit sales is received as follows: 15% in the month of sale, 60% in the first month after sale, 20% in the second month after sale, and 5% is uncollectible. The amount of cash Tara Company will expect to collect in November as a result of current and past credit sales is A) $19,700 B) $28.400 C) $30,000 D) $31,100 E) none of the above

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