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Lemon Inc. had the following sales budgeted: October $200,000 November...

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Accounting

Lemon Inc. had the following sales budgeted:
October $200,000
November $340,000
December $320,000
January $180,000
Lemon's collection pattern is 30% in month of the sale, 50% in month following the sale and 20% in second month following the sale.
What is Lemon's budgeted cash collections for January?

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