A manufacturing firm has a 90-day collection period. The firm produces seasonal merchandise and thus has the least sales during the first quarter of a year and the highest level of sales during the third quarter of a year. The firm maintains a relatively steady level of production, which means that its cash disbursements are fairly equal in all quarters. Assume all other disbursements are also equal throughout the year. Assume a 360-day year. The firm is most apt to face a cash-out situation in Multiple Choice any quarter, equally. the third quarter. the second quarter. the fourth quarter. the first quarter.

A manufacturing firm has a 90-doy collection period. The firm produces seasonal merchandise and thus hos the least sales during the firat quartec of a year and the highest level of sales during the third quarter of a yeat. The firm maintars a restively stady level of production which means that its cash chisbursements are falty equal in all quarter. Assume olf other disbursements are also equal throughout the year. Assume a 360 -day year. The firm is most apt to face e cash-out sitintion in Miliphe Grobles ary equaterisisty the mired gunder the secrome buarter the fourth guarter: Bie finigusher