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Ruiz Companys budget includes the following credit sales for the current year: September, $163,000; October,...

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Accounting

Ruiz Companys budget includes the following credit sales for the current year: September, $163,000; October, $154,000; November, $138,000; December, $175,000. Credit sales are collected as follows: 20% in the month of sale, 50% in the first month after sale, and 30% in the second month after sale. How much cash can the company expect to collect in December as a result of current and past credit sales

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