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Kuzma Foods, Inc has budgeted sales for June and July at $670,000 and $780,000, respectively. Sales are 90% credit, of which 70% is collected in
Kuzma Foods, Inc has budgeted sales for June and July at $670,000 and $780,000, respectively. Sales are 90% credit, of which 70% is collected in the month of sale and 30% is collected in the following month. What is the budgeted Accounts Receivable balance on July 31? Answer choice: A) $234,000 B) $210,600 C) $180,000 D) $702,000
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