Forest Gardens, Inc., has a beginning receivables balance on February 1 of $730. Sales for February through May are $720, $760, $820, and $850, respectively. The accounts receivable period is 30 days. What is the amount of the April collections? Assume a year has 360 days.
A) $720
B) $760
C) $790
D) $820
E) $850
Correct Answer:
Verified
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