Jupiter stores had a quarter to begin in cash balance of $647. Sells for quarters one through three are estimated at $800, $950, and $1,200, respectively. The cost of goods sold is equal to 59% of sells goods are purchased 1 quarter prior to the month of sale. the accounts payable period is 30 days and the accounts receivable period Is 15 days the firm had quarterly cash expenses of $210 what was the cash balance at the end of quarter two? Assume a 360 day year

options: $719.39, $666.67, $674.46, $703.17, $680.00

Jupiter stores had a Quarter 2 beginning cash balance of $647. Sales for Quarters 1 through 3 are estimated at $800,$950, and $1,200, respectively. The cost of goods soid is equal to 59 percent of sales. Goods are purchased one quarter prior to the month of sale. The accounts payable period is 30 days and the accounts recelvable period is 15 days. The firm had quarterly cash expenses of \$210. What was the cash balance at the end of Quarter 2? Assume a 360-day year. Multiple Choice $719.39 $666.67 $674.47