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Question - The Gardner Company expects sales for October of $248,000. Experience suggests that 45% of sales are for cash and 55% are on credit. The company collects 50% of its credit sales in the month of sale and 50%in the month following sale. Budgeted Accounts Receivable on September 30 is $67,000. What is the amount of Accounts Receivable on the October 31 budgeted balance sheet?
A) $68,200
B) $136,400
C) $111,600
D) $67,000
E) $124,000
Why are measures of "service efforts and accomplishments" of more concern in government and not-for-profits than in businesses?
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