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Determine the accounts receivable for May

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Question - Conde Inc. has projected sales to be: February, $20,000; March, $18,000; April, $16,000; May, $20,000; and June, $22,000. Conde has 30% cash sales and 70% sales on account. Accounts are collected 40% in the month following the sale and 60% collected the second month. Determine the accounts receivable for May 31?

a. $6,160.

b. $13,300.

c. $14,000.

d. $20,720.

Reference no: EM132789839

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