As of January 1 of the Current Year, Gunner Company

question 180

Multiple Choice

As of January 1 of the current year, Gunner Company had accounts receivable of $50,000. The sales for January, February, and March were $120,000, $140,000, and $150,000, respectively. Of each month's sales, 20% are for cash. Of the remaining 80% (the credit sales) , 60% are collected in the month of sale, with the remaining 40% collected in the following month. The accounts receivable balance as of March 31 is

• A)$72,000
• B)$48,000
• C)$58,720
• D)$60,000

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Practices and behaviors relating to sexual activities, relationships, and norms that are considered acceptable or traditional within a specific culture or society.

New Left

A political movement that emerged in the 1960s, primarily in the Western world, advocating for civil rights, gender equality, and opposition to military conflicts.

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