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is it correct A company sells on a 90-day basis, which means that this quarter's sales are collected next quarter. If the beginning receivables of
is it correct
A company sells on a 90-day basis, which means that this quarter's sales are collected next quarter. If the beginning receivables of this quarter is $400,000 and this quarter's sales is $500,000 then the collections of this quarter amount to ---- and ending receivables amount to --- Select one: O a $500,000 $400,000 b. We cannot determine those amounts as as we need to know last quarter's sales c. $900,000 : 5500,000 d. $400,000 $500,000 e. None of the above T Step by Step Solution
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