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Target began its operations on September 1 of the current year. Budgeted sales for the first three months of business September, October, and November are

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Target began its operations on September 1 of the current year. Budgeted sales for the first three months of business September, October, and November are $260,000, $375,000, and $400,000, respectively. The company expects to sell 30% of its merchandise for cash. Of sales on account, 90% are expected to be collected in the month of the sale and 10% in the month following the sale. The cash collections expected in October from accounts receivable are estimated to be O $145.600 O $182,000 O $223,600 O $254.450

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