Item19
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Item19
Time Remaining 2 hours 27 minutes 47 seconds
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Justin Company's budget includes the following credit sales forthe current year: September, $41,000; October, $52,000; November,$46,000; December, $48,000. Credit sales are collected as follows:20% in the month of sale, 55% in the first month after sale, 22% inthe second month after sale, and 3% is uncollectible. How much cashcan Justin expect to collect in November as a result of current andpast credit sales?
Multiple Choice
$35,420.
$46,820.
$49,620.
$44,220.
$46,000.
Item19 Time Remaining 2 hours 27 minutes 47 seconds 02:27:47 Item19 Time Remaining 2 hours 27 minutes 47 seconds 02:27:4
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