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PLease explain part B with correct answer and explanation thank you Check my work mode: This shows what is correct or Incorrect for the work
PLease explain part B with correct answer and explanation thank you
Check my work mode: This shows what is correct or Incorrect for the work you have completed so far. It does not indicate completion. Return to question 2 Sequoia Furniture Corripany's sales over the past three months, half of which are for cash, were follows: Hace $440,000 April $690,00 May $550,000 10 points a. Assume that Sequoia's collection period is 60 days. What would be its cash receipts in May? What would be its accounts receivable balance at the end of May? Answer is complete and correct. Cash moints Accounts negalvable balance $ 500,000 $ 625.000 b. Now assume that Sequola's collection period is 45 days. What would be its cash receipts in May? What would be its accounts receivable balance at the end of May? Answer is complete but not entirely correct. Cash mocnints Accounts receivable balance 290,000 $ 6125,000Step by Step Solution
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