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The following details have been extracted from the receivables collection records of C Co.
Invoices are issued on the last day of each month. Customers paying in the month after sale are entitled to deduct a 2% settlement discount. Credit sales values for June to September are budgeted as follows.
What is the amount budgeted to be received from credit sales in September? A. $50,200 B. $50,530 C. $49,480 D. $46,260 |