Ruiz Co.s budget includes the following credit sales for the current year: September, $152,000; October,...
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Ruiz Co.s budget includes the following credit sales for the current year: September, $152,000; October, $143,000; November, $127,000; December, $164,000. Credit sales are collected as follows: 10% in the month of sale, 60% 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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