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Dixon's Has a Beginning Receivables Balance on January 1st of $930.Sales

Question 37

Multiple Choice

Dixon's has a beginning receivables balance on January 1st of $930.Sales for January through April are $970,$1,050,$1,330,and $1,460,respectively.The accounts receivable period is 36 days.How much did the firm collect in the month of March? Assume a 30-day month.


A) $1,034
B) $1,316
C) $1,289
D) $1,350
E) $1,180

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