Harris Electronics bills its clients on the first of the month.For example,any sale made in the month of July is billed August 1 and is due September 1.Clients traditionally pay as follows: 50% by the end of the first month August) ,40% by the end of the second month (September) ,8% by the end of the third month (October) ,and 2% default on their bills.What is the dollar value of January billings collected in April?
A) $7,040
B) $29,600
C) $5,920
D) $0.00
Correct Answer:
Verified
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