Business, 07.04.2020 22:01 kony345p

Orchard has forecast sales to be $132,000 in February, $135,000 in March, $156,000 in April, and $148,000 in May. The average cost of goods sold is 70% of sales. All sales are made on credit and sales are collected 60% in the month of sale, and 40% the month following. What is the budgeted Accounts Receivable balance on May 31

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Orchard has forecast sales to be $132,000 in February, $135,000 in March, $156,000 in April, and $14...

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