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Thornton, Inc. has budgeted sales for the months of September and October at $ 304 comma 000 and $ 282 comma 000, respectively. Monthly sales are 20% credit and 80% cash. Of the credit sales, 50% are collected in the month of sale, and 50% are collected in the following month. Calculate cash collections for the month of October. A. $ 253 comma 800 B. $ 284 comma 200 C. $ 301 comma 800 D. $ 273 comma 600
Answers: 1
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Thornton, Inc. has budgeted sales for the months of September and October at $ 304 comma 000 and $ 2...
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