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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