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Current Attempt in Progress Martin Ltd. is trying to decide whether it is going to need to take a loan in coming January to
Current Attempt in Progress Martin Ltd. is trying to decide whether it is going to need to take a loan in coming January to buy a new microcomputer system. The microcomputer will cost $10,350. The president, Donald Martin, has collected the following information about her operations as at December 31: 1. Balance of selected ledger accounts Cash $3,450 Accounts payable 6,900 2. Sales history and forecast (unit selling price. $12): October (actual) $51,750 November (actual) 39,100 December (actual) 51,750 January (forecast) 69,000 All sales are on credit and are due 30 days after the sale
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