Question
The company sales over three past months, half of which are for cash, were as follows by: March April May Sales 410 660 530 Assume
The company sales over three past months, half of which are for cash, were as follows by:
| March | April | May | |
| Sales | 410 | 660 | 530 |
Assume company collection period 45 days. what would be its cash receipts in May? explain What would be its accounts receivable balance at the end of May? explain
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The Financial Services Marketing Handbook
Authors: Evelyn Ehrlich
2nd Edition
1118065719, 978-1118065716
