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Find the cash collections in november are

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Reference no: EM132511151

Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $240,000, $303,000, and $408,000, respectively, for September, October, and November. The company expects to sell 25% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale and 30% in the month following the sale.

Question 1: Find The cash collections in November are

a.$214,200

b.$461,250

c.$384,375

d.$102,000

Reference no: EM132511151

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