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Business, 19.09.2019 05:30 rvj0444073603

If the actual a/r at the end of february was $12,000 and projected sales in march are $50,000, where 70% of sales are on credit, 60% of credit sales are collected in the month of the sale, and 40% are collected in the month after the sale, what is the projected a/r balance on the pro forma balance sheet for the end of march?

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If the actual a/r at the end of february was $12,000 and projected sales in march are $50,000, where...
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