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The following information applies to Nichola Manufacturing Company, which has a 6-month operating cycle: Cash sales $100,000 Credit sales during the sixth month with net
The following information applies to Nichola Manufacturing Company, which has a 6-month operating cycle:
Cash sales $100,000
Credit sales during the sixth month with net 30 days terms 150,000
Credit sale during the fifth month with special terms of net 9 months 10,000
Interest earned and accrued on an investment that matures during month 3 of the next cycle 2,000
The total of Nicholas trade accounts receivable at the end of the current cycle is
-$260,000
-$160,000
-$262,000
-$152,000
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