Duke's Auto Parts has a beginning receivables balance on January 1st of $560.Sales for January through April are $680,$540,$570,and $620,respectively.The accounts receivable period is 30 days.How much did the firm collect in the month of January? Assume a 360 day year.
A) $560
B) $570
C) $620
D) $625
E) $680
Correct Answer:
Verified
Q45: Blackwell Co.has sales of $518,300,costs of goods
Q46: A firm has sales of $710,000.The cost
Q47: Super Mart has sales of $626,000.The cost
Q48: True Blue Stores had a beginning accounts
Q49: Dewey's expects sales of $530,$560,$740,and $790 for
Q51: Martinique's Boutique has a 45 day collection
Q52: The Down Towner has sales of $642,000
Q53: Dallas and More (D&M)sells its inventory in
Q54: Bruceton Farm Markets currently has an operating
Q70: A firm has an inventory turnover rate
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents