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a firm has a 45 day collection period. sales for the next four quarter are estimated at 1500, 1600, 2100, and 1900 respectively starting with
a firm has a 45 day collection period. sales for the next four quarter are estimated at 1500, 1600, 2100, and 1900 respectively starting with the first quarter of the year. Accordingly which one of the following statements is correct. a. the firm will collect a total of 2100 in quarter 4 b. the firm will collect 750 from quarter 2 in sales in quarter 3 d. the firm will collect 1575 in quarter 2 e. the firm will have an accounts receivable balance of 950 at the end of the year
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