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The Boat Works has sales of $3.4 million for the month. The firm collects 35% of its sales in the month of sale with the
The Boat Works has sales of $3.4 million for the month. The firm collects 35% of its sales in the month of sale with the remainder paid the following month. The sales of last month were $1.4 million. The end balance of the month is $2.38 million in accounts receivable. What is the accounts receivable balance at the beginning of the month?
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