The following information is for the month of January. 
Find the ending accounts receivable for January.
A) $25 million
B) $55 million
C) $75 million
D) $265 million Ending accounts receivable = beginning accounts receivable + sales - collections
= 40 + 160 - 145
Correct Answer:
Verified
Q46: Bank lines of credit must be judiciously
Q47: What is the annual cost of goods
Q48: What is the payable period for a
Q49: Managers are alerted to projected cash shortages
Q50: Managers who "stretch their payables" are attempting
Q52: As for the preparation of cash budgets,
Q53: Which of the following would not be
Q55: During the year the following changes were
Q56: What will be the change in net
Q71: Which of the following is not a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents