Business, 26.12.2019 03:31 lilspike420
Officemart inc. has "cash and carry" customers and credit customers. officemart estimates that 25% of monthly sales are to cash customers, while the remaining sales are to credit customers. of the credit customers, 30% pay their accounts in the month of sale, while the remaining 70% pay their accounts in the month following the month of sale. projected sales for the next three months are as follows: october $58,000 november 65,000 december 72,000 the accounts receivable balance on september 30 was $35,000. prepare a schedule of cash collections from sales for october, november, and december.
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Officemart inc. has "cash and carry" customers and credit customers. officemart estimates that 25% o...
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