Forest Gardens,Inc.,has a beginning receivables balance on February 1 of $730.Sales for February through May are $720,$780,$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) $780
C) $790
D) $820
E) $850
Correct Answer:
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