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Finn Company has the following sales budget budget for the last six months of 2015:
July $200,000 October $180,000
August 160,000 November 200,000
September 200,000 December 180,000
Sales are immediately due, however the cash collection of sales, historically, has been as follows:
65% of sales are collected in the month of sales
25% of sales are collected in the month following the sale
8% of sales are collected in the second month following the sale
2% are uncollectible
Cash collection for September are ___________.
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