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What is the total amount of cash expected

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Question - Lebanon shoe company has the following budgeted sales for the next five months:

January $185,000

February $214,000

March $236,000

April $231,000

May $218,000

Cash sales are 30% of total sales and all credit sales are expected to be collected in the month after the sale. What is the total amount of cash expected to be received from customers in May?

Reference no: EM131813711

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