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Compton Company expects the following total sales: Month March April May Sales $38,000 $28,000 $22,000...

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Compton Company expects the following total sales: Month March April May Sales $38,000 $28,000 $22,000 $ 33,000 The company expects 70% of its sales to be credit sales and 30% for cash. Credit sales are collected as follows: 25% in the month of sale, 75% in the month following the sale. The budgeted accounts receivable balance on May 31 is: Multiple Choice $10,150. $16,500. $30,150. o $11,550.

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