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A company estimates that it can sell $39,850 worth of goods in the month of April.The account receivable balance at beginning of the month is
A company estimates that it can sell $39,850 worth of goods in the month of April.The account receivable balance at beginning of the month is $1,326. Average collection period is 14 days.Assuming a quarter of 90 days, how much cash is collected in April?
Question 23 options:
$20,321
$20,886
$21,450
$22,015
$22,579
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