ABC, Inc. has a beginning balance of accounts receivable as of January 1 of $610. Sales for January through April are $370, $400, $480, and $500, respectively. The accounts receivable period is 60 days. How much did the company make in March? Suppose a year has 360 days.

Answer rating: 100% (QA)

To calculate the average accounts receivable for the fourmonth period we need to fin... View the full answer