Question: On average, it takes 3 months before Skysong Corp. fully completes the collection cycle for its credit sales. All sales are made on account, with
On average, it takes months before Skysong Corp. fully completes the collection cycle for its credit sales. All sales are made on
account, with of customers paying in the month of sale, paying the month after sale, and paying their balance
months after the sale; the remaining is considered uncollectible. Given Skysong's budgeted sales for the months leading up
to quarterend, as shown below, determine the company's collectible or net AR balance on September
AR balance on September $
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