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Asked Dec 16, 2019
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Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $241,000, $317,000, and $402,000, respectively, for September, October, and November. The company expects to sell 25% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale and 30% in the month following the sale.

The cash collections in November are

a.$459,450
b.$211,050
c.$100,500
d.$382,875
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Financial Accounting

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