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

Q1Q2Q3Q4Sales$ 3,590$ 4,125$ 4,595$ 5,025

Multiple Choice

$4,281.67

$4,881.67

$3,946.67

$4,438.33

$3,063.33

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