Business, 19.05.2020 16:15 jumeljean123oythxy
The Gardner Company expects sales for October of $248,000. Experience suggests that 45% of sales are for cash and 55% are on credit. The company collects 50% of its credit sales in the month of sale and the remainder (50%) in the month following sale. Budgeted Accounts Receivable on September 30 is $67,000. What is the amount of Accounted Receivables on the October 31 budgeted balance sheet?Group of answer choices$111,600.$124,000.$67,000.$6 8,200.$136,400.
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The Gardner Company expects sales for October of $248,000. Experience suggests that 45% of sales are...
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