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Crane Company reported the following information for 2016: October November December Budgeted sales $830000 $770000 $980000 All sales are on credit. Customer amounts on account
Crane Company reported the following information for 2016:
| October | November | December | |
| Budgeted sales | $830000 | $770000 | $980000 |
- All sales are on credit.
- Customer amounts on account are collected 50% in the month of sale and 50% in the following month.
How much is the November 30, 2016 budgeted Accounts Receivable?
|
| 385000 |
|
| 415000 |
|
| 800000 |
|
| 490000 |
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Fundamentals Of Cost Accounting
Authors: William Lanen
7th Edition
1264100841, 9781264100842
