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How much did the firm collect in the month of april

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Problem 1: 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.

Multiple Choice

Option 1: -$682
Option 2: -$738
Option 3: -$626
Option 4: -$313
Option 5: -$558

Reference no: EM132746373

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