Question

Assume each month has 30 days and AmDocs has a 60-day accounts receivable period. During the second calendar quarter of the year (April, May, and June), AmDocs will collect payment for the sales it made during which of the months listed below?
A. October, November, and DecemberB. November, December, and JanuaryC. December, January, and FebruaryD. January, February, and MarchE. February, March, and April

Answer 1

Answer:

E) February, March, and April

Explanation:

• During April, AmDocs will be collecting accounts receivables that correspond to sales from February.
• During May, AmDocs will be collecting accounts receivables that correspond to sales from March.
• During June, AmDocs will be collecting accounts receivables that correspond to sales from April.

All you have to do is go back two months, e.g. December ⇒ October, August ⇒ June.