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equoia Furniture Company s sales over the past three months, half of which are for cash, were as follows: March April May $ 4 0
equoia Furniture Companys sales over the past three months, half of which are for cash, were as follows:
March April May
$ $ $
Assume that Sequoias collection period is days. What would be its cash receipts in May? What would be its accounts receivable balance at the end of May?
Now assume that Sequoias collection period is days. What would be its cash receipts in May? What would be its accounts receivable balance at the end of May?
a For days I have cash receipts, I have correct
b For days AR balance is correct
a For days I have cah receipts is Incorrect
b For days I have AR balance is correct
Can you solve for a
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