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Find the total amount of cash expected

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Question - Chocolate Co. reports the following information from its sales budget

Expected sales: July $80,000

August 100,000

September 110,000

Cash sales are normally 20% of total sales and all credit sales are expected to be collected in the month following the date of sale. Find the total amount of cash expected to be received from customers in September?

A. $110,000

B. $102,000

C. $22,000

D. $190,000

E. $80,000

Reference no: EM132608518

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