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Parvis makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are collected in the
Parvis makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are collected in the first month after sale; and to\% are collected in the second month after sale. If sales for October, November, and December were $68,000,$58,000, and $48.000. respectively, what was the budgeted receivables balance on December 31? Muriple Choice 533,600. $39,400. $41,600 556,000
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