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    Exam 7: Receivables and Investments
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    If Rope Inc
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If Rope Inc

Question 168

Question 168

Multiple Choice

If Rope Inc.receives $23,825 from credit card collections and has an average rate of 4.7% charged by the credit card company,its credit card sales during the period were


A) $111,978.
B) $50,691.
C) $25,000.
D) $22,705.

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