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XYZ Corporation makes one product and its budgeted selling price per unit is $97. It...

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Accounting

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XYZ Corporation makes one product and its budgeted selling price per unit is $97. It has provided the following budgeted unit sales (all on credit): Credit sales are collected: 40% in the month of the sale 60% in the following month The budgeted accounts receivable balance at the end of March is closest to: $552,900 $349,200 $461,720 $717.800

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