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Dillingham, Inc., has a 60-day collection period. The projected sales for each quarter next year are shown below. What are collections for the third quarter?

Dillingham, Inc., has a 60-day collection period. The projected sales for each quarter next year are shown below. What are collections for the third quarter?

Q1 Q2 Q3 Q4
Sales $ 3,540 $ 4,050 $ 4,545 $ 4,950

Multiple Choice

  • $4,215.00

  • $4,380.00

  • $3,030.00

  • $4,815.00

  • $3,880.00

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