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samestepp samestepp
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A year ago
Avery Manufacturing has the following sales budgets for the fourth quarter.

Cash SalesCredit Sales
October$580,400$232,900
November624,800344,000
December806,900398,700
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% in the second month following sale. How much cash is Avery expected to collect in December?

▸ $1,178,080

▸ $898,990

▸ $1,205,600

▸ $1,154,790
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Managerial Accounting

Managerial Accounting


Edition: 4th
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jtarinayjtarinay
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samestepp Author
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this is exactly what I needed
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This calls for a celebration Person Raising Both Hands in Celebration
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Good timing, thanks!
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