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answer for question (b). Accounts receivable management Speedy Manufacturing Company's end-of-year accounts receivable balance consists of amounts originating in the months indicated in the following
answer for question (b).
Accounts receivable management Speedy Manufacturing Company's end-of-year accounts receivable balance consists of amounts originating in the months indicated in the following table. The company had annual sales of $3.2 million. The company extends 30-day credit terms P3-14 Month of origin Accounts receivable July $ 2,500 August September 3,600 63,250 October 21,100 November 54,000 December 298,000 Year-end accounts receivable $442,450 a. Use the year-end total to evaluate the company's collection system. b. If 75% of the company's sales occur between July and December, would this information affect the validity of your conclusion in part a? ExplainStep by Step Solution
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