The Athletic Sports Store has a beginning receivables balance on January 1 of $410.Sales for January through April are $440,$480,$690,and $720,respectively.The accounts receivable period is 60 days.How much did the firm collect in the month of April? Assume a year has 360 days.
A) $410
B) $440
C) $480
D) $690
E) $720
Correct Answer:
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