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

Question

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

Quizplus · Accepted Answer

The Answer of 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

Harris Electronics Bills Its Clients on the First of the Month.For