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A firm has projected the following quarterly sales for the coming year. Q1 Q2 Q3 Q4 Sales ($) 460 580 520 600 Accounts receivable at

A firm has projected the following quarterly sales for the coming year.

Q1 Q2 Q3 Q4

Sales ($) 460 580 520 600

Accounts receivable at the beginning of the year are $370. The firm has a collection period of 75 days. Find cash collections for quarter 2.

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