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On July 9, Mifflin Company receives a $9,200, 90-day, 8% note from customer Payton Summers as payment on account. Compute the amount due at maturity
On July 9, Mifflin Company receives a $9,200, 90-day, 8% note from customer Payton Summers as payment on account. Compute the amount due at maturity for the note. (Use 360 days a year.) Multiple Choice $8,867 $9,323 $9,339 $9,200 $9,384 A company had total sales of $670,000, net sales of $663,000, and an average accounts receivable of $102,000. Its accounts receivable turnover equals Multiple Choice 6.5 65.8 O 576 1.0 6.6
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