Smith and Johnson Have Expected Sales of $2,380,$2,840,$4,430,and $4,480 for the Months

question 72

Multiple Choice

Smith and Johnson have expected sales of $2,380,$2,840,$4,430,and $4,480 for the months of January through April,respectively.The accounts receivable period is 15 days.How much did the firm collect in the month of March? Assume a 30-day month.

• A)$2,215
• B)$4,160
• C)$3,635
• D)$3,430
• E)$1,420

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Definitions:

Passive Resistance

A nonviolent opposition to authority, especially a refusal to cooperate with legal requirements.

Staff Meeting

A scheduled gathering of employees, often led by a manager or leader, to discuss status updates, strategies, and other organizational matters.

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A process of restructuring the setup or management of a department or area within an organization to improve efficiency or outcomes.

To-do List

A list of tasks or activities that one intends to accomplish over a specific period.