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ABC, Inc. has a beginning receivables balance on January 1st of $640. Sales for January through April are $400, $430, $510 and $530, respectively. The

ABC, Inc. has a beginning receivables balance on January 1st of $640. Sales for January through April are $400, $430, $510 and $530, respectively. The accounts receivable period is 60 days. How much did the firm collect in the month of March? Assume that a year has 360 days.

A. $400

B.$430

C. $640

D.$530

E.$510

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