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1 0 . In addition to the info in problem # 1 , and based on past experience, the company expects to collect 9 0
In addition to the info in problem # and based on past experience, the
company expects to collect of the month's sales in the current month,
and in the month following the sale. The accounts receivable balance
at was $ and is deemed fully collectible.
Prepare the Cash Receipts Budget for Jan, Feb, & March.
Also calculate the Accounts Receivable balance on
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