Leaning Tower of Pizza, Inc. is preparing its master budget for its first quarter of...
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Accounting
Leaning Tower of Pizza, Inc. is preparing its master budget for its first quarter of business. It expects to sell 1,000 pizzas at $8 per pizza per month. It expects to collect 90% of the sales in the month of the sale and 10% in the following month. Calculate its accounts receivable balance at the end of its first quarter
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