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July 22, 2014

Homework Help: Finance

Posted by Adam on Monday, March 21, 2011 at 11:09am.

A firm has forecasted sales of $3,000 in April, $4,500 in May and $6,500 in June. All sales are on credit. 30% is collected the month of sale and the remainder the following month. What will be the balance in accounts receivable at the beginning of July

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