ABC has a beginning receivables balance on January 1st of £430.Sales for January through April are £240, £250, £330 and £350, respectively.The trade receivables period is 60 days.How much
Did the firm collect in the month of March? Assume that a year has 360 days.
A) £240
B) £250
C) £330
D) £350
E) £430
Correct Answer:
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