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Junior Snacks Reports the Following Information from Its Sales Budget

Question 3

Multiple Choice

Junior Snacks reports the following information from its sales budget: Junior Snacks reports the following information from its sales budget: All sales are on credit and are expected to be collected 40% in the month of sale and 60% in the month following sale.The total amount of cash expected to be received from customers in November is: A) $146,200. B) $85,800. C) $151,000. D) $236,800. E) $60,400. All sales are on credit and are expected to be collected 40% in the month of sale and 60% in the month following sale.The total amount of cash expected to be received from customers in November is:


A) $146,200.
B) $85,800.
C) $151,000.
D) $236,800.
E) $60,400.

Correct Answer:

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