9 The following sales budget has been prepared: onth September October November December $167,000 225,000...
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9 The following sales budget has been prepared: onth September October November December $167,000 225,000 330,000 135,000 Credit Sale $123,000 180,000 210,000 190,000 Collections of credit sales are 50% in the month of sale, 40% in the month following sale, and 10% two months following sale. No uncollectible accounts are expected. What are the estimated cash collections in December? C) $325,000 D) $332,000 A) $197,000 E) none of the above B) $135,000
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