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Calculate ending receivables assuming opening receivables were $150,000 and sales and collections for the year were $600,000 and $580,000 respectively. Calculate amount collected if sales

  1. Calculate ending receivables assuming opening receivables were $150,000 and sales and collections for the year were $600,000 and $580,000 respectively.
  1. Calculate amount collected if sales were $500,000, and opening and ending receivables were $120,000 and $110,000 respectively.

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