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Wright Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $240, 274, 8317,
Wright Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $240, 274, 8317, 349, and $421, 375, respectively, for September, October, and November. The company expects to sell 20% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale, 25% in the month following the sale, and the remainder in the following month. What are the cash collections in November from sales on account? Select the correct answer. $177, 715 $182, 608 $134, 553 $309, 051
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