Duke's Auto Parts Has a Beginning Receivables Balance on January

question 72

Multiple Choice

Duke's Auto Parts has a beginning receivables balance on January 1^st of $398.Quarterly sales for the year are $427,$502,$479,and $525,starting with the first quarter.The accounts receivable period is 60 days.How much did the firm collect in the second quarter? Assume a 360-day year.

• A)$458.50
• B)$452.00
• C)$477.00
• D)$464.50
• E)$479.50

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Definitions:

Diastolic Pressure

The lower number in a blood pressure reading, representing the pressure in the arteries when the heart is resting between beats.

Systolic Pressure

The pressure exerted on the arteries when the heart beats, representing the maximum arterial pressure during contraction of the left ventricle of the heart.

Oxygen Deprivation

A condition resulting from an insufficient supply of oxygen to the body that can cause severe health effects.

Stroke

A medical condition where the blood supply to part of the brain is interrupted or reduced, causing brain cells to die due to lack of oxygen.