Star Company projected unit credit sales for the last four months of the year as shown...
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Star Company projected unit credit sales for the last four months of the year as shown below: September 4,400 4,600 October November 5,500 December 7,000 The company's past records show collection of credit sales as 40% in the month of sale and the balance in the following month. If inventory units are sold for $27, the total cash collections on receivables in November will be. Multiple Choice O O O O $133,920. $24,260. $148,500. $59,400. Star Company projected unit credit sales for the last four months of the year as shown below: September 4,400 4,600 October November 5,500 December 7,000 The company's past records show collection of credit sales as 40% in the month of sale and the balance in the following month. If inventory units are sold for $27, the total cash collections on receivables in November will be. Multiple Choice O O O O $133,920. $24,260. $148,500. $59,400.
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November account receivables collected in November 5500 2... View the full answer
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-1259692406
18th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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