Kam department store reported the following information for, Ask an Expert

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Kam Department Store reported the following information for 2013: October November December Budgeted sales $1,240,000 $1,160,000 $1,440,000 · All sales are on credit. · Customer amounts on account are collected 50% in the month of sale and 50% in the following month. How much cash will Kam receive in November?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9988614

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