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How much cash can lara company expect to collect in november

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Question - Lara Company's budget includes the following credit sales for the current year: September, $25,000; October, $36,000; November, $30,000; December, $32,000. Experience has shown that payment for the credit sales is received as follows: 15% in the month of sale, 60% in the first month after sale, 20% in the second month after sale, and 5% is uncollectible. How much cash can Lara Company expect to collect in November as a result of current and past credit sales?

A. $19,700.

B. $28,500.

C. $30,000.

D. $31,100.

E. $33,900.

Reference no: EM131795962

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