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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?
Sales:Q1$3,500 Q2$3,990 Q3$4,505 Q4$4,890
Multiple Choice
$3,826.67
$3,003.33
$4,161.67
$4,333.33
$4,761.67
WHICH IS THE CORRECT ANSWER?

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