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Question Three (10 Marks) Part (a): 5 pts. Randall Company is a merchandising company that sells a single product. The company's inventories, production, and sales

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Question Three (10 Marks) Part (a): 5 pts. Randall Company is a merchandising company that sells a single product. The company's inventories, production, and sales in units for the next three months have been forecasted as follows: Sales Units are sold for $12 each. One fourth of all sales are paid for in the month of sale and the balance are paid for in the following month. Accounts receivable at September 30 totaled $450,000

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