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Wells Company reports the following sales forecast: September $60.000; October $71000; and November, 57 . A Sores are account
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November
Cash receipts from November cash sales (76000*25%) $19,000
Collection of October's sales (71000*60%) 42,600
Collection of September's sales (60000*10%) 6,000
Total budgeted cash receipts $67,600
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