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What is the accounts receivable balance on august

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Question 1: Hawaii Inc., has projected sales to be 260,000 in June, 270,000 in July and 300,000 in august .Hawaii collects 30% of a month's sales in the month of sale, 50% in the month following the sale, and 20% in the second month following the sale. What is the accounts receivable balance on august 31?

Reference no: EM132608429

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