Approximate cash collection for the quarter, Finance Basics

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Approximate cash collection for the quarter

Assume Green Leaf Nursery anticipated sales of $630 in the first quarter. Accounts receivable at the beginning of the year was $373. Assuming a collection period of 60 days, which is the approximate cash collection for the quarter?

A-$420

B-$607

C-$590

D-$580

E-None of the above

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Finance Basics: Approximate cash collection for the quarter

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Finance Basics: Approximate cash collection for the quarter

Reference No:- TGS052644

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Explain how events would affect aggregate demand-supply

Q : Explain when there are only competitive formal creditors

Q : What is mark''s rental income for 2011

Q : How would the owner organize the production

Q : Approximate cash collection for the quarter

Q : Explain the returns to scale and marginal product of input

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Q : How changes in money supply used to keep interest rates

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Approximate cash collection for the quarter

Reference No:- TGS052644

Recent Questions Asked Finance Basics

Q : Explain how events would affect aggregate demand-supply

Q : Explain when there are only competitive formal creditors

Q : What is mark''s rental income for 2011

Q : How would the owner organize the production

Q : Approximate cash collection for the quarter

Q : Explain the returns to scale and marginal product of input

Q : What is the interest deduction for bob

Q : How changes in money supply used to keep interest rates

Q : What is the amount of josh''s gain on the sale

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