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Fitbands' estimated sales are: Oct. $131,975 Nov. 195,748 Dec. 249,290 Jan 124,273 Feb. 124,259 Mar 124,348 What are the balances in accounts receivable for January,
Fitbands' estimated sales are: Oct. $131,975 Nov. 195,748 Dec. 249,290 Jan 124,273 Feb. 124,259 Mar 124,348 What are the balances in accounts receivable for January, February, and March if 65% of sales is collected in the month of sale, 25% is collected the month after the sale, and 10% is second month after the sale? Round your answers to two decimal places. January February March Ending Balance
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Financial Information Analysis 2e
Authors: Philip ORegan
2nd Edition
0470865725, 978-0470865729
