Approximate cash collections amount


Assume Green Leaf Nursery anticipated sales of $500 in this quarter. Accounts receivable at the beginning of the quarter was $300. Assuming a collection period of 30 days, which is the approximate cash collections amount for the quarter?

A. $550

B. $630

C. $250

D. $170

E. None of the above

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Business Management: Approximate cash collections amount
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