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Use this information about Dove Corporation to answer the question that follows. Dove Corporation began its operations on September 1 of the current year. Budgeted
Use this information about Dove Corporation to answer the question that follows. Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first 3 months of business-September, October, and November-are $233,000, $315,000, and $414,000, respectively. The company expects to sell 25% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale and 30% in the month following the sale. The cash collections expected in November are Oa. $470,070 Ob. $217,350 Oc. $391,725 Od. $103,500
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