ABC,Inc.has a beginning receivables balance on January 1st of $430.Sales for January through April are $350,$250,$330 and $240,respectively.The accounts receivable 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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