Dixon's has a beginning receivables balance on January 1st of $930.Sales for January through April are $970,$1,050,$1,330,and $1,460,respectively.The accounts receivable period is 36 days.How much did the firm collect in the month of March? Assume a 30-day month.
A)$1,034
B)$1,316
C)$1,289
D)$1,350
E)$1,180

Question

Quizplus · Accepted Answer

The Answer of Dixon's has a beginning receivables balance on January 1st of $930.Sales for January through April are $970,$1,050,$1,330,and $1,460,respectively.The accounts receivable period is 36 days.How much did the firm collect in the month of March? Assume a 30-day month.
A)$1,034
B)$1,316
C)$1,289
D)$1,350
E)$1,180

Dixon's Has a Beginning Receivables Balance on January 1st of $930.Sales