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10 Linoty Question 3: Gold Corporation has the following sales budget for the last six months of 2019: $180,000 $200,000 October July August September 200,000

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10 Linoty Question 3: Gold Corporation has the following sales budget for the last six months of 2019: $180,000 $200,000 October July August September 200,000 November 160,000 220,000 188,000 December Historically, the cash collection of sales has been as follows: 60 percent of sales collected in month of sale 30 percent of sales collected in month following sale, 8 percent of sales collected in second month following sale, and 2 percent of sales is uncollectable ii) What is the ending balance of accounts receivable at the end of September assuming uncollectible balance is written off in the third month after the sale? A) $199,000 B) $108,000 C) $104,000 D) $93,000 Type here to search de EN

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