Leak Company sells only on credit.It reported the following information for 2012: 
Customer amounts on account are collected 45% in the month of sale and 55% in the following month.How much is the November 30, 2009 budgeted Accounts Receivable?
A) $467,500
B) $382,500
C) $827,500
D) $528,000
Correct Answer:
Verified
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