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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
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?
A) $20,321
B) $20,886
C) $21,450
D) $22,015
E) $22,579
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