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Business, 18.11.2019 22:31 Chunkypants8369

If the actual december 31 st a/r balance was $12,000; projected sales in march are $50,000; 70% of sales are on credit; 60% of credit sales are collected in the month of sale and 40% are collected in the month after the sale, what is the projected a/r balance on the proforma balance sheet for the end of march?
a. $14,000
b. $48,000
c. $20,000
d. $35,000

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