McDonald and Sons Have Expected Sales of $320, $350, $410

question 404

Multiple Choice

McDonald and Sons have expected sales of $320, $350, $410, and $460 for the months of January through April, respectively. The accounts receivable period is 15 days. What is the accounts receivable balance at the end of February? Assume that a year has 360 days.

• A) $160
• B) $175
• C) $205
• D) $335
• E) $380

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Definitions:

Conduct Electricity

The ability of a substance to allow the flow of electrical current or charges through it.

Conduct Heat

To conduct heat means to transfer thermal energy through a substance, due to a temperature difference, without the substance itself moving significantly.

Atoms

Fundamental particles that make up elements, characterized by a central nucleus encircled by electrons.

Iron

A chemical element with symbol Fe and atomic number 26, known for its role in human nutrition and its widespread use in construction and manufacturing.