Assume that your credit sales for March was $12,764, for April was $27,406 and May was $28,706. If credit sales are collected 55% during the month of sale, 25% the month following the sale, and 15% in the second month following the sale, what is the
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The financial statements of Weston Office Supply include the following items:20172016Cash $43,500 $50,000Shortminus-term Investments 27,000 17,000Net Accounts Receivable 102,000 97,000Merchandise Inventory 125,000 119,000Total Assets 527,000
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