What are the expected collections for july
June sales were $5383 while projected sales for July and August were $6746 and $7404, respectively. Sales are 30% cash and 70% credit. All credit sales are collected in the month following the sale. What are the expected collections for July?
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Using the percentage of sales approach, the net realizable value of the receivables is?Using the percentage of year-end receivables approach, the net realizable value of the receivables is?
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Shelley wants to cash in her winning lottery ticket. She can either receive seven, $200,000 semiannual payments starting today, or she can receive a lump-sum payment now based on a 6% annual interest rate.
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