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The LaPann Corporation Has Obtained the Following Sales Forecast Data

Question 189

Multiple Choice

The LaPann Corporation has obtained the following sales forecast data:
The LaPann Corporation has obtained the following sales forecast data: The regular pattern of collection of credit sales is 20% in the month of sale, 70% in the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts. -The budgeted accounts receivable balance on September 30 would be: A) $126,000 B) $148,000 C) $166,000 D) $190,000 The regular pattern of collection of credit sales is 20% in the month of sale, 70% in the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts.
-The budgeted accounts receivable balance on September 30 would be:


A) $126,000
B) $148,000
C) $166,000
D) $190,000

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