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Calculate cash collections for the given month

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Question: Farmerlands, Inc. has budgeted sales for the months of September and October at $304,000 and $272,000, respectively. Monthly sales are 80% credit and 20% cash. Of the credit sales, 50% are collected in the month of sale, and 50% are collected in the following month. Calculate cash collections for the month of October.

Reference no: EM131739468

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