Show proportion of the year-end accounts receivable balance

Reference no: EM131519057

Question: A review of the accounts receivable records of Auckland's Creature Comforts Hotel reveals the following year-end information.

The credit manager believes that the report accurately shows the proportion of the year-end accounts receivable balance that can be traced to months in which credit sales were made. Forty per cent of the hotel's $6,000,000 annual sales are on credit. The hotel extends 30-day credit terms.

Reference no: EM131519057

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