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A Breakdown of Teffan, Inc -Accounts Receivable Over 90 Days Total___________
A) $200,000
B)

question 271

Multiple Choice

A breakdown of Teffan, Inc.'s outstanding accounts receivable dated June 30, 2003 follows, on the basis of the month in which the credit sale was initially made. The firm extends 30-day credit terms.
 Month of  Accounts  Credit Sale  Receivable  June, 2003 $410,000 May, 2003 340,000 April, 2003 270,000 March, 2003 200,000 February, 2003 or before 100,000 Total $1,320,000\begin{array}{lr}\text { Month of }&\text { Accounts }\\\text { Credit Sale }&\text { Receivable }\\\hline\text { June, 2003 } & \$ 410,000 \\\text { May, 2003 } & 340,000 \\\text { April, 2003 } & 270,000 \\\text { March, 2003 } & 200,000 \\\text { February, 2003 or before } & 100,000\\\text { Total }&\$1,320,000\end{array}
-Accounts receivable over 90 days total___________

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Definitions:

Sugar

A general term for sweet-tasting, soluble carbohydrates, many of which are used in food.

Monosaccharides

Simple sugars that are the most basic form of carbohydrates, serving as energy sources and building blocks for more complex sugars.

Disaccharides

Carbohydrates composed of two monosaccharide molecules bonded together, such as sucrose and lactose, which are used by organisms as energy sources.

Polysaccharide

A carbohydrate molecule consisting of long chains of monosaccharide units bound together by glycosidic linkages.

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