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Sharon Corporation collects 5% in the...

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Accounting

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Sharon Corporation collects 5% in the second month following sale, 30% in the m company has found that 3% of their sales are uncollectible. Budgeted sales for the August budgeted sales September budgeted sales October budgeted sales November budgeted sales $340,000 $330,000 $340,000 $200,000 The amount of cash that will be collected in November is budgeted to be O A. $124,000 O B. $242,500 C. $316,600 D. $194,000 the month following sale and 62% of a month's sales in the month of sale. The s for the upcoming four months are

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