A Company Has Expected Sales for January Through April of $9,800

question 95

Multiple Choice

A company has expected sales for January through April of $9,800, $9,500, $13,800, and $9,500, respectively.Assume each month has 30 days and the accounts receivable period is 38 days.How much does the company expect to collect in the month of May?

• A)$10,646.67
• B)$15,880.00
• C)$9,720.00
• D)$12,213.33
• E)$15,406.00