Dokos has a beginning receivables balance on January 1st of £560.Sales for January through to April are £620, £680, £570 and £550, respectively.The trade receivables period is 30 days.How
Much did the firm collect in the month of March? Assume that a year has 360 days.
A) £550
B) £570
C) £620
D) £625
E) £680
Correct Answer:
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