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OpenStudy (anonymous):
Jim Debt was reviewing the total accounts receivable. This month he received $80,000 from Credit customers. This represented 40 percent of all receivables due. The total amount of accounts receivable is
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OpenStudy (ghazi):
x-x* 0.4=$ 80,000 ...now solve for x
OpenStudy (ghazi):
0.6x=$ 80,000.....therefore x= $ 80,000/0.6
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