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19-12-2022
Business

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Lily company expects the following total sales: month sales march $30,000 april $20,000 may $30,000 june $25,000 the company expects 60% of its sales to be credit sales and 40% for cash. Credit sales are collected as follows: 30% in the month of sale, 70% in the month following the sale. The budgeted accounts receivable balance on may 31 is:.

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