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Frankie's Chocolate Co. reports the following information from its sales budget:
Expected Sales:
-July $87,000
-August 107,000
-September 117,000
Cash sales are normally 30% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in September is:
a. $35,100.
b. $117,000.
c. $110,000.
d. $191,900.
e. $74,900.
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