Use the following schedules to answer questions 9-11 9. Because 35% of receivables are still outstanding 31-60 days after purchase, the company should hire a new receivable manager to collect the sales sooner. a. True b. False 10. At the end of June, 130% of sales are still outstanding in receivable accounts. a. True b. False 11. Total accounts receivable at the end of June are $128,000. a. True b. False
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