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How much cash can Justin expect to collect in November

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Question - Justin Company's budget includes the following credit sales for the current year: September, $45,000; October, $56,000; November, $50,000; December, $52,000. Credit sales are collected as follows: 10% in the month of sale, 65% in the first month after sale, 23% in the second month after sale, and 2% is uncollectible. How much cash can Justin expect to collect in November as a result of current and past credit sales?

Reference no: EM133052347

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