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Avril Company makes collections on sales according to the following schedule:
60% in month of sale
30% in month following sale
10% in second month following sale:
Expected Sales
January $150,000
February $170,000
March $160,000
What is the budgeted accounts receivable balance on December 31?
a. $160,000.
b. $159,200.
c. $165,200.
d. $160,600.
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Avril Company makes collections on sales according to the following schedule:
60% in month of sale...
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