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Westmore Products has projected the following quarterly sales. The accounts receivable at the beginning of the year is $340 and the collection period is 45 days. What are collections for the first quarter? Multiple Choice $651.67 $307.50 $615.00 $545.00 $647.50 Westmore Products has projected the following quarterly sales. The accounts receivable at the beginning of the year is $340 and the collection period is 45 days. What are collections for the first quarter? Multiple Choice $651.67 $307.50 $615.00 $545.00 $647.50