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Current Attempt in Progress Blossom Industries sales budget for the first quarter of the upcoming year shows budgeted sales of $320000, $347000, and $305000
Current Attempt in Progress Blossom Industries sales budget for the first quarter of the upcoming year shows budgeted sales of $320000, $347000, and $305000 in January February and March,pectively. All sales are made on credit. The cash receipts budget for March shows total cash receipts equal to $306080. Blossom grants a discount to customers who pay within 10 days of the invoice. Blossom collects 60% of sales within the discount period 20% in the north of sale but outside the discount period. 20% in the month following sale. What is the discount offered by Blossom, and what is the Accounts Receivable balance that will be reported in the March 31 pro-forma balance sheet? O2% $69400 O4% $61000 02568320 O4% $68320 Save for Later Attempts: 0 of 1 und Subtr
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