Multiple Choice
HM Industries has a beginning receivables balance on January 1st of $484.Sales for January through April are $420,$364,$390,and $433,respectively.The accounts receivable period is 60 days.How much did the firm collect in the month of April? Assume a 360-day year.
A) $420
B) $364
C) $377
D) $390
E) $392
Correct Answer:
Verified
Correct Answer:
Verified
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