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bernie2981 bernie2981
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9 years ago
Lakewood Jet Skis has budgeted sales for June and July at $420,000 and $480,000, respectively. Sales are 75% credit, of which 40% is collected in the month of the sale and 60% is collected in the following month. What is the accounts receivable balance on July 31?
A) $189,000
B) $288,000
C) $360,000
D) $216,000
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Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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bernie2981 Author
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#2
9 years ago
Answers my question perfectly.
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#3
5 years ago
[su Smiling Face with Glasses][/sup]
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