ALPHA, Inc. sells all of its products on credit. Purchases are 60% of the sales for the following quarter. The ﬁrm uses a 365-day year and account averages where applicable in its computations.
The ﬁnancial manager of the ﬁrm provides the following relevant information: What is the accounts receivable balance at the end of Quarter 1?

Question

ALPHA, Inc. sells all of its products on credit. Purchases are 60% of the sales for the following quarter. The ﬁrm uses a 365-day year and account averages where applicable in its computations.
The ﬁnancial manager of the ﬁrm provides the following relevant information:   What is the accounts receivable balance at the end of Quarter 1?

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The Answer of ALPHA, Inc. sells all of its products on credit. Purchases are 60% of the sales for the following quarter. The ﬁrm uses a 365-day year and account averages where applicable in its computations.
The ﬁnancial manager of the ﬁrm provides the following relevant information:   What is the accounts receivable balance at the end of Quarter 1?