Question: View Policies Current Attempt in Progress Flounder Company reported the following information for 2019: October November December Budgeted sales $300,000 $334,000 $378,000 Budgeted purchases
View Policies Current Attempt in Progress Flounder Company reported the following information for 2019: October November December Budgeted sales $300,000 $334,000 $378,000 Budgeted purchases $120,000 $127,000 $144,500 All sales are on credit. Customer amounts on account are collected 40% in the month of sale and 60% in the following month. Compute Flounder's budgeted cash receipts for November. Budgeted cash receipts for November $
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