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Smith and Johnson Have Expected Sales of $427,$489,$626,and $738 for the Months

Question 15

Multiple Choice

Smith and Johnson have expected sales of $427,$489,$626,and $738 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 April? Assume a 360-day year.


A) $626
B) $558
C) $738
D) $313
E) $682

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