Loa Company expects to collect 30% of its credit sales in the month of sale, 50% in

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Loa Company expects to collect 30% of its credit sales in the month of sale, 50% in the month following sale,and 18% in the second month following sale. These three percentages only add up to 98%.

What is represented by the other 2% of credit sales?

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Managerial Accounting

ISBN: 9781260247787

17th Edition

Authors: Ray Garrison, Eric Noreen, Peter Brewer

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Posted Date: Mar 23, 2024 12:39 AM

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Loa Company expects to collect 30% of its credit sales in the month of sale, 50% in

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The other 2 of credit sales likely represents uncoll... View the full answer

Managerial Accounting

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