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Alpha Company makes all its sales on account. Accounts receivable payment experience is as follows: Percent paid in the month of sale 35% Percent paid
Alpha Company makes all its sales on account. Accounts receivable payment experience is as follows: Percent paid in the month of sale 35% Percent paid in the month after the sale 45% Percent paid in the second month after the sale 16% Alpha provided information on sales as follows: May $150,000 June $125,000 July $136,000 August (expected) $142.000 How much of June's credit sales is expected to be collected in the month of August? $20,000 O $30,000 O $36.000 O $67,500 O $80,000
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