What are the cash collections

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Reference no: EM131203881

Wright Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $246,564, $304,769, and $425,100, respectively, for September, October, and November. The company expects to sell 20% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale, 25% in the month following the sale, and the remainder in the following month. What are the cash collections in October?

Reference no: EM131203881

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What are the cash collections : Wright Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $246,564, $304,769, and $425,100, respectively, for September, October, and November. What are the cash collections ..

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