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Netflix, Inc. sold subscription services worth $50,000,000 during the fiscal year. Of these sales, $40,000,000 were collected during the same year, and the remaining $10,000,000
Netflix, Inc. sold subscription services worth $50,000,000 during the fiscal year. Of these sales, $40,000,000 were collected during the same year, and the remaining $10,000,000 are still outstanding. Calculate the uncollected revenue, assuming all sales are credit sales.
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