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Swifty, Inc. reports all its sales on credit and pays operating costs in the month incurred. Amounts for 2022 are: March April May. June July

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Swifty, Inc. reports all its sales on credit and pays operating costs in the month incurred. Amounts for 2022 are: March April May. June July Budgeted sales $300800 $290600 $320600 $279500 $209800 Budgeted purchases $143000 $119300 $128600 $131900 $91000 . Customer amounts on account are collected 70% in the month of sale and 30% in the following month. . Cost of goods sold is 70% of sales. Swifty purchases and pays for merchandise 30% in the month of acquisition and 70% in the following month. Operating expenses are: Salaries, $49100; Depreciation, $11600; Rent $15600; and Utilities, $14400. Accounts payable is used only for inventory acquisitions. . How much is Swifty's May 31, 2022 budgeted Accounts Receivable? O $224420 O $96180 $311600

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