ABC Has a Beginning Receivables Balance on January 1^st of £430.Sales

question 102

Multiple Choice

ABC has a beginning receivables balance on January 1^st of £430.Sales for January through April are £240,£250,£330 and £350,respectively.The trade receivables period is 60 days.How much did the firm collect in the month of March? Assume that a year has 360 days.

• A)£240
• B)£250
• C)£330
• D)£350
• E)£430

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