Question: please solve this Question 4 (5 points) Listen Timpco, a retailer, makes both cash and credit sales (i.e., sales on open account). Information regarding budgeted
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Question 4 (5 points) Listen Timpco, a retailer, makes both cash and credit sales (i.e., sales on open account). Information regarding budgeted sales for the last quarter of the year is as follows: October November December Cash sales $ 70,000 $ 63,000 $ 79,000 Credit sales 70,000 75,600 86,900 Total $ 140,000 $ 138,600 $ 165,900 Of the credit sales, 60% are collected in the month of sale; the remaining 40% are collected in the month following the month of sale. Required: (approximate time needed for the question 8 minutes) 1. Calculate the budgeted total cash receipts for November
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