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Floure - Tye Company makes all its sales on account Accounts receivable payment experience is as follow Percent paid in the month of sale: 30%
Floure - Tye Company makes all its sales on account Accounts receivable payment experience is as follow Percent paid in the month of sale: 30% Percent pald in the month after the sales 60% Percent paid in the second month after the sale 8% Tye provided Information on sales as follows: May - $100.000 June - $120.000 July - $130,000 August (expected) - $150,000 How much of May's sales are expected to be uncollectible? OSO 57 200 O $2.500 $8.000 O $2.000
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