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Calculate xyz company budgeted accounts receivable

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Reference no: EM132182018

Question - Shown below are the expected sales for XYZ Company:

 

Sales for Cash

Sales on Account

January

$22,000

$118,000

February

$19,000

$146,000

March

$26,000

$133,000

April

$21,000

$127,000

On average, 65% of the sales on account are collected in the month of sale, 27% are collected in the month following sale, and the remaining 8% are collected two months after the month of sale.

Calculate XYZ Company's budgeted accounts receivable at April 30.

Reference no: EM132182018

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