The Following Is the Sales Budget for Duck-N-Run,Inc

question 12

Multiple Choice

The following is the sales budget for Duck-n-Run,Inc.,for the first quarter of 2012: The accounts receivable balance at the end of the previous quarter was $45,000 ($32,000 of which was uncollected December sales.) What is the amount of the January collections?

• A)$112,400.00
• B)$112,408.16
• C)$95,663.83
• D)$122,356.33
• E)$125,400.00

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