Marigold Corp. reported the following information for 2016: October November December Budgeted sales $1160000 $1080000...
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Accounting
Marigold Corp. reported the following information for 2016:
October November December Budgeted sales $1160000 $1080000 $1360000
All sales are on credit. Customer amounts on account are collected 50% in the month of sale and 50% in the following month. How much cash will Marigold receive in November?
$1120000
$1220000
$1080000
$540000
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