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Vaughn Manufacturing has the following budgeted sales: July $280000, August $370000, and September $350000. 40% of the sales are for cash and 60% are
Vaughn Manufacturing has the following budgeted sales: July $280000, August $370000, and September $350000. 40% of the sales are for cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month. The total expected cash receipts during September are O $350000. O $362000. O $356000. O $317500.
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