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Question - Chocolate Co. reports the following information from its sales budget
Expected sales: July $80,000
August 100,000
September 110,000
Cash sales are normally 20% of total sales and all credit sales are expected to be collected in the month following the date of sale. Find the total amount of cash expected to be received from customers in September?
A. $110,000
B. $102,000
C. $22,000
D. $190,000
E. $80,000
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