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Question 4 1 pts On March 31, 2019 and June 30, 2019, Ushi Creamery reported Accounts Receivable, net of allowance for uncollectibles, of 50M and
Question 4 1 pts On March 31, 2019 and June 30, 2019, Ushi Creamery reported Accounts Receivable, net of allowance for uncollectibles, of 50M and 75M, respectively. They close their books quarterly. During the fiscal quarter Ushi Creamery had \1B in sales, with 40% sold on credit. They also recognized a bad debt expense of 20M during the quarter. The firm had 4M and 7M balances in its allowance for uncollectibles at March 31, 2019 and June 30, 2019, respectively. How much cash did Ushi Creamery collect from their customers during the period April 1 - June 30, 2019? A. 600M B. 647M O C. 1955M D. 972M E. None of the above
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