17. A company estimates that it can sell $31,210 worth of goods in the month of April. The account receivable balance at beginning of the month is $1,038. Average collection period is 8 days. Assuming a quarter of 90 days, how much cash is collected in April?

Answer rating: 100% (QA)

To determine the cash collected in April we need to calculate the average daily sales and multiply i... View the full answer