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Hart Corporation has budgeted for the following sales: Sales are collected as follows: 10% in the month of sale; 60% in the month following the

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Hart Corporation has budgeted for the following sales: Sales are collected as follows: 10% in the month of sale; 60% in the month following the sale; and the remaining 30% in the second month following the sale. In Razz's budgeted balance sheet at December what amount will accounts receivable be shown? A. $680,000 B. $612,000 C. $826.500 D. $214, 500 Laurey Inc. is working on its cash budget for May. The budgeted beginning cash balance is $45,000. Budgeted cash receipts total $129,000 and budgeted cash disbursements total $124,000. The desired ending cash balance is $60,000. To attain its desired ending cash balance for May, the company needs to borrow: A. $110,000 B. $0 C. $60,000 D. $10,000

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