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Compton Company expects the following total sales: The company expects 60% of its sales to be credit salos and 40% for cash. Credit sales are

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Compton Company expects the following total sales: The company expects 60% of its sales to be credit salos and 40% for cash. Credit sales are collected as follows: 30% in the month of sale, 70% in the month following the sale. The budgeted accounts receivable balance on May 31 is: Muliple Choice $22,170 $12.000. $6,720 $7000

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