Wright corporation began its operations on september 1 of


Wright Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $232,963, $303,655, and $416,522, respectively, for September, October, and November. The company expects to sell 20% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale, 25% in the month following the sale, and the remainder in the following month.

What are the cash collections in November from sales on account?

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Financial Accounting: Wright corporation began its operations on september 1 of
Reference No:- TGS01047588

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