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AGB Flowchart MATH 221 - GooglCanvas Dashbo Uwe Que Question 3 3 pts Time Runnin Attempt duere 39 Minutes A company is working on their
AGB Flowchart MATH 221 - GooglCanvas Dashbo Uwe Que Question 3 3 pts Time Runnin Attempt duere 39 Minutes A company is working on their budgets for the year 2021. The table below has a few of their expectations for 2021. Accounts Receivable on January 1 Sales in January Sales in February Sales in March Sales in April $30,706 $75,060 $50.356 $73,629 $51.765 Historically, this company's collection pattern for sales has been 16% as cash sales and 84% on account. The sales on account get collected 55% one month following the sale and the remainder two months following the sale. The Accounts Receivable on January 1 is the result of credit sales in December 2020 and thus is expected to be collected according to the sales on account pattern (55%/45%). How much should this company expect in Accounts Receivable at the end of the 1st quarter? (round to the nearest whole dollar/input code 0) Next - Previous Submit Quiz uz saved at 8:33pm
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