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

question 56

Multiple Choice

Duke's Auto Parts has a beginning receivables balance on January 1^st of $560.Sales for January through April are $680,$540,$570,and $620,respectively.The accounts receivable period is 30 days.How much did the firm collect in the month of January? Assume a 360 day year.

• A)$560
• B)$570
• C)$620
• D)$625
• E)$680

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Definitions:

Transcription

The process of transcribing DNA into RNA, a fundamental aspect of gene expression.

Transcription Factors

Proteins that regulate the transcription of genes by binding to DNA and influencing RNA synthesis.

Gene Expression

The process by which information from a gene is used in the synthesis of a functional gene product, usually proteins, affecting the cell function.

Transcription

A process in which the DNA sequence in a gene is copied into mRNA.