R-Mart has a beginning receivables balance on February 1 of $1050. Sales for February through May are $625, $698, $975, and $1,990, respectively. The accounts receivable period is 30 days. What is the amount of the April collections? Assume a year has 360 days.
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R-Mart has a beginning receivables balance on February 1 of $1050. Sales for February through May are $625, $698, $975, and $1,990, respectively. The
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- Amusement tickets estimated sales are: What are the balances in accounts receivable for April, May, and June if 60% of sales are collected in the month of sale, 30% are collected the month after the sale, and 10% are collected the second month after the sale?My Aunts Closet Store collects 60% of its accounts receivable in the month of sale and 35% in the month after the sale. Given the following sales, how much cash will be collected in March?Cash collections for Renew Lights found that 65% of sales were collected in the month of sale, 25% was collected the month after the sale, and 10% was collected the second month after the sale. Given the sales shown, how much cash will be collected in March and April?
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- Rivana Co. has a beginning receivables balance on March 1 of $1,280. Sales for March through June are $790, $860, $1,150, and $2,050, respectively. The accounts receivable period is 30 days. What is the amount of the May collections? Assume a year has 360 days.What is the amount of the April collections?Redwood Supplies has a beginning receivables balance on July 1 of $1,840. Sales for July through October are $945, $1,230, $1,575, and $2,120, respectively. The accounts receivable period is 30 days. What is the amount of the September collections? Assume a year has 360 days.
- What is the amount of the September collections?R-Mart has a beginning receivables balance on February 1 of $1050. Sales for February through May are $625, $698, $975, and $1,990, respectively. The accounts receivable period is 30 days. What is the amount of the April collections? Assume a year has 360 AnswerR-Mart has a beginning receivables balance on February 1 of $1050. Sales for February through May are $625, $698, $975, and $1,990, respectively. The accounts receivable period is 30 days. What is the amount of the April collections? Assume a year has 360 days. NO AI ANSWER
