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ABC, Incorporated, has a beginning receivables balance on January 1st of $720. Sales for January through April are $480, $510, $590 and $610, respectively. The

ABC, Incorporated, has a beginning receivables balance on January 1st of $720. Sales for January through April are $480, $510, $590 and $610, respectively. The accounts receivable period is 60 days. How much did the firm collect in the month of March? Assume 365 days per year.

Multiple Choice

$510
$480
$610
$720
$590

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