Question
hello, if recent and projected sales are: Sales Units February $360,000 6,000 March 480,000 8,000 April 480,000 8,000 May 480,000 8,000 June 360,000 6,000 July
hello, if recent and projected sales are:
Sales Units
February $360,000 6,000
March 480,000 8,000
April 480,000 8,000
May 480,000 8,000
June 360,000 6,000
July 420,000 7,000
August. 600,000 10,000
Sept. 600,000 10,000
Credit accounts are collected 60% in the month following the sale and 40% in the next
month following. There are no bad debts. Collections are current; the March A/R balance
is made up of uncollected amounts from February and March sales.
What is the March A/R balance??
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Cost Accounting For Managerial Planning Decision Making And Control
Authors: Woody Liao, Andrew Schiff, Stacy Kline
6th Edition
1516551702, 9781516551705
