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

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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

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