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For Upside Company, experience has shown that payment for the credit sales is received as...

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Accounting

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For Upside Company, experience has shown that payment for the credit sales is received as follows: 40% in the month of sale, 40% in the first month after sale, 10% in the second month after sale, and 10% uncollectible. Upside Company has budgeted the following credit sales during the last four months of the year: September, $20,000; October, $25,000; November $18,000; December, $33,000. How much cash can Upside Company expect to collect in November as a result of credit sales? A. $18,000 B. $12,000 C. $19,200 D. $17,200

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