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Avery Manufacturing Has the Following Sales Budgets for the Fourth

Question 103

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Avery Manufacturing has the following sales budgets for the fourth quarter. Avery Manufacturing has the following sales budgets for the fourth quarter. The accounting manager has analyzed cash collections and determined that credit sales are collected 70% in the month of sale, 20% in the month following the sale, and 10% uncollectible.How much cash is Avery expected to collect in November? A) $865,600 B) $912,180 C) $787,830 D) $693,600 The accounting manager has analyzed cash collections and determined that credit sales are collected 70% in the month of sale, 20% in the month following the sale, and 10% uncollectible.How much cash is Avery expected to collect in November?


A) $865,600
B) $912,180
C) $787,830
D) $693,600

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