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West Company budgeted the following credited sales during the current year. September: $75,000, October: $108,000, November: $90,000, December: $96,000. Experience has shown that cash from
West Company budgeted the following credited sales during the current year. September: $75,000, October: $108,000, November: $90,000, December: $96,000. Experience has shown that cash from credit sales is received as follows: 10% in the month of sale. 50% in the first month after sale. 35% in the second month after sale. 5% is uncollectible. All collections in the month of sale are subject to 2% cash discount. Required: How much total cash can West Company expect to collect in December?
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