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Piece of Pizza Company is preparing its master budget for its first year of business....

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Accounting

Piece of Pizza Company is preparing its master budget for its first year of business. It expects to sell 4,000 pizzas at $11 per pizza per month. It expects to collect 95% of the sales in the month of the sale and 5% in the following month. Calculate its accounts receivable balance at the end of its first month.

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