TB MC Qu. 20-115 (Algo) Justin Company's budget includes the... Justin Company's budget includes the...
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Accounting
TB MC Qu. 20-115 (Algo) Justin Company's budget includes the... Justin Company's budget includes the following credit sales for the current year: September, $32,000; October, $43,000; November, $37,000; December, $39,000. Credit sales are collected as follows: 20% in the month of sale, 55% in the first month after sale, 22% in the second month after sale, and 3% is uncollectible. How much cash can Justin expect to collect in November as a result of current and past credit sales? Multiple Choice $35,490. $37,000 $26,690 $38,090 $40,890
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