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How much cash will Peyton receive in November

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Problem - Peyton Manufacturing Co. reported the following information for 2018:

Budgeted sales -

October $1,300,000

November $1,160,000

December $1,240,000

All sales are on credit. Customer amounts on account are collected 50% in the month of sale and 50% in the following month. How much cash will Peyton receive in November?

Reference no: EM132731224

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