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What is the budgeted receivables balance on December

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Reference no: EM132894879

Question - The Company makes all sales on account and the collections pattern is as follows:

25% in the month of sale, 60% in the month following sale, and 15% in the second month after the sale

If sales for October are 64,036, sales for November are 64,724, and sales for December are 74,832

What is the budgeted receivables balance on December 31st?

Reference no: EM132894879

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