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Problem - OfficeMart Inc. has "cash and carry" customers and credit customers. OfficeMart estimates that 25% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 30% pay their accounts in the month of sale, while the remaining 70% pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows:
October $58,000
November 65,000
December 72,000
The Accounts Receivable balance on September 30 was $35,000.
Required - Make a schedule of cash collections from sales for October, November, and December.
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tulsa company has income before irregular items of 310000 for the year endeddecember 31 2012. it also has the following
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The City of South Pittsburgh maintains its books so as to prepare fund accounting statements and records worksheet adjustments in order to prepare government-wide statements. Deferred inflows of resources—property taxes of $69,400 at the end of the p..
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What annual contributions to the retirement fund will allow you to receive the $17,000 annuity? Calculate your final answer using the formula
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